New Delhi, June 6 -- Multibagger small-cap EV stock gained in the intraday trade on Friday amid a stock market rally spurred by the Reserve Bank of India's (RBI) massive repo rate cut.

The sharp gains in the Indian stock markets following a surprise 50 basis points (bps) rate cut by the RBI Monetary Policy Committee (MPC) also supported a rally in small-cap EV stock Mercury EV-Tech Limited.

The unexpected rate cut boosted investor sentiment, pushing benchmark indices higher - the S&P BSE Sensex surged by 800 points, and the Nifty 50 crossed the 25,000 mark. In addition to the positive market momentum driven by the RBI's decision, Mercury EV-Tech Ltd also gained following a business update announcement, further fueling investor interest....