Mercury EV-Tech Hits New 52-Week Low at Rs. 41.95 Amid Market Decline

Mercury EV-Tech has reached a significant milestone today, hitting a new 52-week low of Rs. 41.95. This decline marks a notable shift in the stock's performance, particularly after experiencing two consecutive days of gains prior to this downturn. The stock underperformed the sector by 5.23% today, reflecting broader market trends as the Sensex also faced a decline, dropping by 344.62 points after a positive opening.
In terms of moving averages, Mercury EV-Tech is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has seen a significant decrease of 57.99%, contrasting sharply with the Sensex's performance, which has increased by 5.36%.

Despite the challenges reflected in its stock price, Mercury EV-Tech has reported healthy long-term growth metrics, with net sales increasing at an annual rate of 123.69% and operating profit rising by 84.22%. The company has also posted positive results for the last four consecutive quarters, showcasing its potential for operational improvement amidst current market conditions.