Recent Price Movement and Market Context
On 21 Nov 2025, Mercury EV-Tech’s stock price touched Rs.37, the lowest level recorded in the past year. This price point represents a notable drop from its 52-week high of Rs.105.1, indicating a substantial contraction in market value. Over the last two trading sessions, the stock has recorded a cumulative return of -4.32%, underperforming its sector by 1.93% on the day.
The broader market, represented by the Sensex, opened lower by 285.28 points and was trading at 85,307.27, down 0.38%. Despite this, the Sensex remains close to its 52-week high of 85,801.70, trading 0.58% below that peak. The index is supported by bullish moving averages, with the 50-day moving average positioned above the 200-day moving average, signalling overall market resilience contrasting with Mercury EV-Tech’s performance.
Technical Indicators and Moving Averages
Mercury EV-Tech is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests sustained downward momentum and a lack of short-term price support. The stock’s failure to hold above these averages highlights the pressure it faces relative to both its historical price levels and sector peers.
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One-Year Performance and Valuation Metrics
Over the past year, Mercury EV-Tech’s stock has recorded a return of -62.74%, a stark contrast to the Sensex’s positive return of 10.56% and the BSE500’s 8.76% gain over the same period. This divergence underscores the stock’s relative underperformance within the broader market and its automobile sector peers.
From a valuation standpoint, the company’s return on equity (ROE) stands at 3.1%, while the price-to-book value ratio is 2.6. These figures indicate a relatively expensive valuation compared to historical averages and peer companies. Despite this, the stock is trading at a discount relative to its peers’ average historical valuations, reflecting market caution.
Interestingly, while the stock price has declined significantly, Mercury EV-Tech’s profits have shown a rise of 209.5% over the past year. The company’s price/earnings to growth (PEG) ratio is 0.4, suggesting that earnings growth has not been fully reflected in the share price.
Shareholding and Market Participation
Domestic mutual funds currently hold no stake in Mercury EV-Tech, a notable point given their capacity for detailed company research. This absence of institutional ownership may reflect a cautious stance towards the stock’s current price levels or business outlook.
Sales and Profit Trends
Mercury EV-Tech has demonstrated healthy long-term growth in net sales, with an annual growth rate of 125.97%. Operating profit has also expanded at a rate of 70.01%, indicating operational efficiency improvements over time. The company has reported positive results for five consecutive quarters, with profit after tax (PAT) for the nine-month period reaching Rs.4.54 crores, growing at 95.69% year-on-year.
Quarterly net sales stood at Rs.34.01 crores, reflecting a 25.6% increase compared to the average of the previous four quarters. These figures highlight the company’s capacity to expand its revenue base despite the stock’s price challenges.
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Sector and Industry Considerations
Operating within the automobile sector, Mercury EV-Tech faces a competitive environment marked by rapid technological advancements and evolving consumer preferences. The company’s performance must be viewed in the context of sector-wide trends, including shifts towards electric vehicles and changing regulatory frameworks.
While the Sensex and broader market indices maintain positive momentum, Mercury EV-Tech’s stock price reflects a more cautious market assessment. The stock’s current position below all major moving averages and its 52-week low price point suggest that investors are weighing valuation and growth factors carefully.
Summary of Current Situation
Mercury EV-Tech’s stock reaching Rs.37 marks a significant milestone in its price trajectory, representing the lowest level in the past year. The stock’s performance contrasts with broader market strength and sector dynamics, highlighting specific valuation and market participation factors influencing its price.
Despite strong growth in sales and profits, the stock’s valuation metrics and absence of institutional ownership contribute to its subdued market performance. The company’s position relative to moving averages further emphasises the current downward trend in share price.
Conclusion
The 52-week low reached by Mercury EV-Tech’s stock encapsulates a complex interplay of market forces, valuation considerations, and sector dynamics. While the company continues to report growth in key financial metrics, the stock’s price reflects a cautious market stance amid broader automobile industry developments and competitive pressures.
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