Key Events This Week
Feb 9: Stock opens at Rs.39.52, gaining 1.31% amid positive market sentiment
Feb 10: Price drops 2.35% to Rs.38.59 despite Sensex gains
Feb 12: Stock rebounds 2.08% to Rs.39.19 on mixed sector cues
Feb 13: Sharp decline of 5.54% to Rs.37.02 following disappointing quarterly results
Monday, 9 February: Positive Start Amid Broader Market Gains
Mercury EV-Tech commenced the week on a positive note, closing at Rs.39.52, up 1.31% from the previous Friday’s close of Rs.39.01. This outperformance was in line with the Sensex’s robust 1.04% gain to 37,113.23 points. The stock’s volume of 374,141 shares indicated moderate investor interest as the broader market optimism supported buying momentum.
Tuesday, 10 February: Profit Taking Triggers 2.35% Decline
Despite the Sensex advancing a further 0.25% to 37,207.34, Mercury EV-Tech’s stock price fell sharply by 2.35% to Rs.38.59. The decline was accompanied by increased volume of 409,781 shares, signalling profit-taking activity. This early weakness foreshadowed the challenges that would emerge later in the week as the company’s financial disclosures approached.
Wednesday, 11 February: Marginal Decline Amid Market Stability
The stock continued its downward drift, slipping 0.52% to Rs.38.39 on subdued volume of 232,536 shares. The Sensex posted a modest 0.13% gain to 37,256.72, reflecting a stable market environment. Mercury EV-Tech’s price action suggested cautious sentiment ahead of the quarterly results announcement.
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Thursday, 12 February: Temporary Rebound Despite Sector Headwinds
Mercury EV-Tech rebounded 2.08% to Rs.39.19 on lighter volume of 155,394 shares, even as the Sensex declined 0.56% to 37,049.40. This intraday recovery suggested some bargain hunting and short-covering ahead of the quarterly earnings release. However, the broader market weakness and sectoral challenges hinted at underlying pressures.
Friday, 13 February: Quarterly Results Trigger Sharp 5.54% Sell-Off
The week ended on a negative note as Mercury EV-Tech’s stock plunged 5.54% to Rs.37.02 on volume of 289,045 shares, significantly underperforming the Sensex’s 1.40% decline to 36,532.48. The sell-off followed the release of the company’s quarterly results, which revealed a sharp contraction in net sales by 17.7% to ₹25.29 crores and a 55.61% drop in profit after tax to ₹2.61 crores for the latest six months.
The earnings per share fell to ₹0.05, reflecting margin pressures and operational inefficiencies. The company’s financial trend score deteriorated from +13 three months ago to -6, prompting a downgrade to a ‘Strong Sell’ Mojo Grade. This negative shift in fundamentals weighed heavily on investor sentiment, resulting in the steep price decline.
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Weekly Price Performance: Mercury EV-Tech vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.39.52 | +1.31% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.38.59 | -2.35% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.38.39 | -0.52% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.39.19 | +2.08% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.37.02 | -5.54% | 36,532.48 | -1.40% |
Key Takeaways
Negative Quarterly Performance: The sharp 17.7% decline in quarterly net sales and over 55% contraction in PAT highlight significant operational challenges and margin pressures for Mercury EV-Tech. This reversal from prior growth momentum is a critical concern.
Financial Trend Deterioration: The company’s financial trend score plunged from +13 to -6, signalling a fundamental shift in business health. The downgrade to a ‘Strong Sell’ Mojo Grade reflects heightened market scepticism.
Stock Price Underperformance: Mercury EV-Tech’s 5.10% weekly decline substantially underperformed the Sensex’s 0.54% drop, underscoring the market’s negative reaction to the earnings release and outlook.
Volatility and Volume Patterns: Trading volumes fluctuated throughout the week, with notable spikes on days of price declines, indicating active investor repositioning amid uncertainty.
Sectoral Headwinds: Broader challenges in the electric vehicle segment, including supply chain disruptions and rising costs, likely exacerbated the company’s difficulties, as reflected in the quarterly results.
Conclusion
Mercury EV-Tech Ltd’s week was dominated by a disappointing quarterly earnings report that revealed a sharp slowdown in sales and profitability. The resulting negative shift in financial trends and downgrade to a ‘Strong Sell’ rating weighed heavily on the stock, which declined 5.10% over the week, significantly underperforming the broader market. While the company’s long-term growth potential in the expanding electric vehicle market remains, the near-term outlook is clouded by operational challenges and margin pressures. Investors will be closely watching upcoming quarters for signs of stabilisation and strategic initiatives to reverse the downturn.
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