Mercury EV-Tech Hits New Low Amidst Ongoing Market Volatility and Decline

Feb 19 2025 09:37 AM IST
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Mercury EV-Tech has reached a new 52-week low, following four consecutive days of price declines. Although it has shown a slight recovery today, the stock remains below key moving averages and has experienced a significant decline over the past year, contrasting with broader market gains.
Mercury EV-Tech, a small-cap player in the trading industry, has experienced significant activity today, marking a new 52-week low of Rs. 62.3. This decline comes after a series of four consecutive days of falling prices, although the stock has shown a slight recovery today, outperforming its sector by 2.11%.

Despite this uptick, the stock remains below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging trend in the short to medium term. Over the past year, Mercury EV-Tech has faced a notable decline of 24.50%, contrasting sharply with the Sensex, which has gained 4.27% during the same period.

The recent performance metrics highlight the stock's volatility and the broader challenges it faces in the current market environment. Investors and market watchers will be keen to observe how Mercury EV-Tech navigates these trends moving forward.
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