Mercury EV-Tech jumps 13.9% as govt plans GST reform on 2-wheelers
On Thursday, shares of Mercury EV-Tech surged 13.9% to ₹59.40 from the previous close of ₹52.16. The stock has gained 32% from its 52-week low and 29% in the last 4 sessions, with trading volume on the BSE more than doubling. Government is considering reducing GST on two-wheelers from 28% (31% above 350cc) to 18%, while EVs remain at 5%.