Recent Price Movement and Market Context
On 21 Nov 2025, Mercury EV-Tech's share price touched Rs.37, the lowest level recorded in the past year. This follows a two-day consecutive decline, during which the stock lost approximately 4.32% in value. The day's performance showed a drop of 2.88%, underperforming the automobile sector by 1.93%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating sustained bearish trends.
In contrast, the broader market index, Sensex, opened lower by 285.28 points and was trading at 85,307.27, down 0.38% on the day. Despite this, Sensex remains close to its 52-week high of 85,801.70, just 0.58% away, and is positioned above its 50-day and 200-day moving averages, signalling a generally bullish market environment.
Comparative Performance Over One Year
Mercury EV-Tech's one-year performance shows a decline of 62.74%, a stark contrast to the Sensex's positive return of 10.57% over the same period. The stock's 52-week high was Rs.105.10, highlighting the extent of the recent price contraction. This underperformance is also evident when compared to the BSE500 index, which generated returns of 8.76% in the last year, while Mercury EV-Tech recorded negative returns of 62.88%.
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Valuation and Financial Metrics
Mercury EV-Tech's return on equity (ROE) stands at 3.1%, while its price-to-book value ratio is 2.6, suggesting a valuation that may be considered elevated relative to some peers. Despite this, the stock is trading at a discount compared to the average historical valuations of its sector counterparts. The company's price-to-earnings-to-growth (PEG) ratio is 0.4, reflecting the relationship between its valuation, earnings, and growth prospects.
Notably, domestic mutual funds hold no stake in Mercury EV-Tech, which may indicate a cautious stance from institutional investors who typically conduct detailed research on companies. This absence of mutual fund participation contrasts with the company's market capitalisation grade of 4, reflecting its size within the market.
Operational and Financial Performance Highlights
Over the past year, Mercury EV-Tech's profits have shown a rise of 209.5%, despite the stock's negative return. The company has reported positive results for five consecutive quarters, with net sales for the latest quarter at Rs.34.01 crores, representing a growth rate of 25.6% compared to the previous four-quarter average. The profit after tax (PAT) for the nine-month period stands at Rs.4.54 crores, growing at 95.69% year-on-year.
Long-term growth indicators also show strength, with net sales increasing at an annual rate of 125.97% and operating profit growing at 70.01%. These figures suggest that while the stock price has declined, the underlying business has demonstrated expansion in revenue and profitability metrics.
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Sector and Market Position
Operating within the automobile industry, Mercury EV-Tech faces a competitive landscape where valuation and market sentiment play significant roles. The stock's current trading levels below all major moving averages contrast with the broader market's relatively stable position near its yearly highs. This divergence highlights the stock's specific challenges within its sector and the wider market context.
While the Sensex and BSE500 indices have shown resilience and positive returns over the past year, Mercury EV-Tech's share price trajectory has not mirrored this trend. The stock's recent price action and valuation metrics reflect a complex interplay of market forces and company-specific factors.
Summary of Key Data Points
To summarise, Mercury EV-Tech's stock has reached Rs.37, its lowest point in 52 weeks, following a period of sustained decline. The stock's performance contrasts with broader market indices, which have maintained positive momentum. Financially, the company has demonstrated growth in profits and sales, yet its valuation and market participation by institutional investors remain areas of note.
Investors and market observers may consider these factors when analysing Mercury EV-Tech's recent price movements and positioning within the automobile sector.
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