Mercury EV-Tech Stock Plummets to New 52-Week Low at Rs. 37.77

Mercury EV-Tech has reached a significant milestone by hitting a 52-week low of Rs. 37.77 today, marking a notable decline in its stock performance. This drop comes as the company has underperformed its sector by 8.36%, with an intraday low reflecting a decrease of 9.96%. The stock has exhibited high volatility, with an intraday fluctuation of 5.6%, indicating a turbulent trading environment. Over the past year, Mercury EV-Tech has seen a substantial decline of 61.97%, contrasting sharply with the Sensex's positive performance of 9.50%. The company's current trading position is below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend. Despite these challenges, Mercury EV-Tech has reported impressive growth in net sales, with an annual increase of 123.69%, and operating profit rising by 84.22%. The company has also posted positive results for the last four consecutive quarters, with net sales for the latest six months reaching Rs. 53.25 crore, reflecting a remarkable growth rate of 464.09%.