Recent Price Movement and Market Context
On 8 December 2025, Mercury EV-Tech’s stock price touched Rs.36, its lowest level in the past year. This new low comes as the stock continues to trade below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained weakness in price momentum. Despite this, the stock marginally outperformed its sector on the day by 0.37%, while the broader Automobiles sector declined by 2.24%.
The Sensex opened flat but later declined by 602.88 points, or 0.81%, closing at 85,021.96. Notably, the Sensex remains close to its 52-week high of 86,159.02, trading just 1.34% below that peak. The index is supported by bullish moving averages, with the 50-day moving average positioned above the 200-day moving average, indicating a generally positive trend for the broader market despite the pressure on Mercury EV-Tech.
Performance Over the Past Year
Mercury EV-Tech’s one-year performance contrasts sharply with the broader market. The stock has recorded a negative return of -61.45%, significantly underperforming the Sensex, which has shown a positive return of 4.02% over the same period. The stock’s 52-week high was Rs.99.26, highlighting the extent of the decline to the current low of Rs.36.
This underperformance is also evident when compared to the BSE500 index, which has generated a modest return of 0.50% in the last year. Mercury EV-Tech’s returns have lagged considerably behind this benchmark, reflecting challenges specific to the company or its valuation in the eyes of the market.
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Valuation and Financial Metrics
Mercury EV-Tech’s return on equity (ROE) stands at 3.1%, which is relatively modest given the company’s valuation metrics. The stock trades at a price-to-book value of 2.6, indicating a valuation considered expensive relative to its book value. However, the current market price reflects a discount compared to the average historical valuations of its peers within the automobile sector.
Despite the stock’s negative price performance, the company’s profits have shown notable growth. Over the past year, net profits have risen by 209.5%, and the price-to-earnings-to-growth (PEG) ratio is recorded at 0.4, suggesting that earnings growth has outpaced the decline in stock price. This divergence between earnings growth and stock price performance highlights a complex valuation scenario.
Shareholding and Market Participation
Domestic mutual funds currently hold no stake in Mercury EV-Tech, a factor that may reflect a cautious stance from institutional investors who typically conduct detailed research on companies. The absence of significant mutual fund participation could be indicative of reservations about the stock’s valuation or business prospects at prevailing prices.
Operational and Sales Performance
On the operational front, Mercury EV-Tech has demonstrated healthy long-term growth. Net sales have expanded at an annual rate of 125.97%, while operating profit has grown at 70.01% annually. The company has reported positive results for five consecutive quarters, with net sales for the nine-month period reaching Rs.87.26 crores, reflecting a growth rate of 201.73%. Profit after tax (PAT) for the same period stood at Rs.4.54 crores, growing by 95.69%.
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Sector and Market Dynamics
The automobile sector has experienced a decline of 2.24% on the day Mercury EV-Tech hit its 52-week low, reflecting broader sectoral pressures. While the Sensex remains near its yearly highs and supported by bullish moving averages, Mercury EV-Tech’s share price has not mirrored this trend, indicating company-specific factors influencing its performance.
The stock’s consecutive seven-day decline and its position below all major moving averages suggest a sustained period of subdued market sentiment. This contrasts with the broader market’s relative strength, underscoring the divergence between Mercury EV-Tech’s stock trajectory and overall market trends.
Summary of Key Price and Performance Indicators
Mercury EV-Tech’s current price of Rs.36 represents a significant fall from its 52-week high of Rs.99.26. The stock’s one-year return of -61.45% contrasts with the Sensex’s positive 4.02% return and the BSE500’s 0.50% gain over the same period. The company’s financial results show strong sales and profit growth, yet the stock price has not reflected these fundamentals in recent trading sessions.
The stock’s valuation metrics, including a price-to-book value of 2.6 and a modest ROE of 3.1%, alongside the absence of domestic mutual fund holdings, contribute to the current market assessment. The divergence between earnings growth and stock price performance highlights the complexity of the company’s market position.
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