Multibagger EV stock, Nov. 19 -- Mercury EV Tech share price surged nearly 1.14% to Rs.38.96 apiece in Wednesday's trading session following a rebound in the Indian stock market.

The multibagger EV stock has been under pressure lately as it has fell over 40% in six months and over 62% in last one year. However, the stock has more than doubled its investors wealth by giving returns of whopping 5,884.62% in last five years.

The EV stock surged after the company announced that it has inaugurated a new showroom in Porbandar, Gujarat, which is in-line with the company's business expansion strategy.

"We wish to inform you that Mercury Ev-Tech Limited has inaugurated 1 new showroom in the state of Gujarat. The inauguration of these showrooms ...