Mercury EV-Tech Faces Intense Selling Pressure Amid Significant Price Declines

May 23 2025 11:30 AM IST
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Mercury EV-Tech Ltd is experiencing significant selling pressure, marked by consecutive losses and a notable decline in stock value. Over the past week and month, the company has underperformed compared to the Sensex, with substantial year-to-date losses. The stock is currently trading below key moving averages, indicating ongoing bearish sentiment.
Mercury EV-Tech Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive days of losses, with a notable decline of 5.27% in today's trading session. This performance starkly contrasts with the Sensex, which has gained 1.07% during the same period.

Over the past week, Mercury EV-Tech has dropped 7.29%, while the Sensex has only decreased by 0.62%. The stock's performance over the last month reveals a decline of 15.05%, compared to a 2.12% increase in the Sensex. Year-to-date, Mercury EV-Tech has seen a substantial drop of 33.36%, while the Sensex has risen by 4.71%.

The stock's performance metrics indicate it has underperformed its sector by 6.35% today. After two days of gains, the stock has reversed its trend, hitting an intraday low of Rs 60. Additionally, Mercury EV-Tech is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting the prevailing selling sentiment.
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