Top gainer Mercury Ev-Tech (MERCURYEV.BO BSE) +28.92% on 27 Jan 2026: valuation and momentum check
MERCURYEV.BO stock surged 28.92% to INR 40.74 on the BSE on 27 Jan 2026, marking it among today’s top gainers in India. The move came on a volume spike to 1,777,258.00 shares, well above the average volume of 274,934.00. Traders priced a sharp short-term shift while fundamentals still show stretched multiples. We examine the rally, valuation, technicals, and Meyka AI forecasts to separate momentum from sustainable upside.
Price action and volume: MERCURYEV.BO stock rally on 27 Jan 2026
Mercury Ev-Tech Ltd. (MERCURYEV.BO) closed at INR 40.74 after opening at INR 39.89. The intraday range was INR 38.10 to INR 41.53, with a net gain of INR 9.14 since the previous close of INR 31.60.
Volume accelerated to 1,777,258.00, a relative volume of 4.64, signalling institutional or short-covering interest. The stock’s 50-day average is INR 37.44 and the 200-day average is INR 49.84, showing the rally still faces longer-term resistance.
Drivers and MERCURYEV.BO stock news
No major corporate announcement surfaced today on the company website or filings. The price move looks driven by market flows and sector rotation into small-cap industrials. The Industrials sector has shown mixed performance, with weakness over three months.
Investors should note Mercury Ev-Tech’s business is metal trading and shares, headquartered in Vadodara. For company details see the firm site and BSE listing: Company site and BSE quote.
Fundamentals and valuation: MERCURYEV.BO stock metrics
On reported metrics Mercury Ev-Tech shows EPS INR 0.43 and a trailing PE of 84.37, with market capitalization INR 6,892,222,544.00. Book value per share is INR 14.76, giving a P/B of 2.46.
Margins and balance-sheet metrics are mixed. Net profit margin is 7.29%, current ratio 3.37, and debt to equity 0.03. Receivables and inventory cycles are long: days sales outstanding 343.03 and inventory days 239.59, which raises working capital risk for a trading business.
Technical picture: MERCURYEV.BO stock momentum readings
Technicals show short-term oversold readings that sparked a bounce. RSI reads 26.58 (oversold) and MACD histogram is small negative at -0.17, indicating momentum is fragile. Bollinger middle band is INR 37.74 and the upper band is INR 40.29, close to today’s high.
Short-term indicators like CCI (-142.79) and Stochastic %K (7.40) remain oversold, so the rally could continue on momentum but lacks strong confirmation until RSI moves above 40.00 and volume sustains.
Meyka AI grade and MERCURYEV.BO stock analysis
Meyka AI rates MERCURYEV.BO with a score of 59.81/100, grade C+ (HOLD). This grade factors S&P 500 and sector comparisons, financial growth, key metrics, forecasts, and analyst consensus. The model flags valuation and cash-flow gaps despite low leverage.
This grade is informational and not financial advice. Investors should weigh the grade against liquidity, long receivable cycles, and sector trends before acting.
Price forecasts and MERCURYEV.BO stock outlook
Meyka AI’s forecast model projects a monthly target of INR 16.98. Versus the current price of INR 40.74, that implies a model-based downside of -58.31%. Forecasts are model-based projections and not guarantees.
From a trading viewpoint, short-term resistance sits near INR 45.00, with a squeeze target at INR 48.00 if volume continues. A conservative 12-month analyst-style target range is INR 30.00 to INR 55.00, depending on margin recovery and working-capital improvement.
Final Thoughts
MERCURYEV.BO stock led today’s gainers on the BSE, rising 28.92% to INR 40.74 on 27 Jan 2026, driven by heavy volume and short-term momentum. The rally is notable, but fundamentals remain mixed. Key headwinds include a high trailing PE of 84.37, long receivable days (343.03), and modest earnings per share (INR 0.43). Meyka AI’s model projects a monthly value of INR 16.98, implying -58.31% downside versus today’s price, which contrasts with near-term technical resistance at INR 45.00. Traders may use the move for short-term momentum plays while cautious investors should wait for clearer earnings progress and cash-flow signs. For live quotes and tools, see our Meyka stock page for MERCURYEV.BO at https://meyka.ai/stocks/MERCURYEV.BO. Remember, Meyka AI is an AI-powered market analysis platform and forecasts are model-based projections, not guarantees.
FAQs
Why did MERCURYEV.BO stock spike today?
The stock spiked due to heavy volume of 1,777,258.00 shares and short-term momentum after an oversold technical setup. No major corporate news was filed. Trading flows and sector rotation likely drove the move.
Is MERCURYEV.BO stock overvalued based on fundamentals?
Valuation looks stretched. Trailing PE is 84.37 and P/B is 2.46 versus sector averages. Long receivable days increase working-capital risk, supporting a cautious view.
What is Meyka AI’s forecast for MERCURYEV.BO stock?
Meyka AI’s forecast model projects a monthly figure of INR 16.98. This is a model projection and implies downside versus the current price. Forecasts are not guarantees.
What levels should traders watch for MERCURYEV.BO stock?
Watch intraday resistance near INR 45.00 and a secondary squeeze zone at INR 48.00. On the downside, support near today’s low INR 38.10 and prior close INR 31.60 matter for stops.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
