Mercury Ev-Tech (MERCURYEV.BO) jumps 20.61% on BSE: watch valuation and outlook
Mercury Ev-Tech Ltd. (MERCURYEV.BO stock) surged 20.61% to INR 36.28 on the BSE on 23 Jan 2026, driven by heavy volume and a technical rebound. The advance came on 1,276,303 shares versus an average volume of 270,703, signalling firm buyer interest. Short-term indicators show an oversold bounce after recent weakness, but fundamentals still show a high price/earnings ratio and stretched working capital metrics. We break down price action, valuation, Meyka grade, and practical scenarios investors should watch.
Price action and trading facts
MERCURYEV.BO stock opened at INR 33.00, reached a day high of INR 36.55, and a low of INR 32.32 on 23 Jan 2026. The previous close was INR 30.08, giving a one-day gain of INR 6.20 or 20.61%, on volume of 1,276,303 shares. Market capitalisation stood at INR 6,003,148,633.00 and average volume is 270,703, underlining today’s relative strength.
Why MERCURYEV.BO stock led the top gainers
Traders pushed Mercury Ev-Tech higher on a mix of technical short-covering and an oversold bounce; the RSI was 26.58 before the move. The business trades ferrous and non-ferrous metals and can see episodic swings on inventory or demand news. Company details can be found on its corporate site and public data pages for ticker context source and source.
Fundamentals and valuation snapshot
MERCURYEV.BO shows EPS INR 0.43 and a trailing PE of 73.49, versus an Industrials sector average PE of 33.80. Key ratios include PB 2.14, current ratio 3.37, and debt/equity 0.03, which point to low leverage but elevated valuation. Year range is INR 29.95 to INR 87.00, so valuation remains sensitive to profit growth and working capital trends.
Meyka Grade and technical picture for MERCURYEV.BO stock
Meyka AI rates MERCURYEV.BO with a score out of 100 at 59.72, grade C+, suggestion HOLD. This grade factors S&P 500 and sector comparisons, financial growth, key metrics, analyst consensus, and forecasts. Technically, MACD is negative and RSI 26.58 shows oversold conditions while Bollinger bands place price inside a tight volatility band, implying a mean-reversion trade but sustained volatility risk.
Price targets, forecast and scenarios
Meyka AI’s forecast model projects a monthly level of INR 19.38, compared with the current INR 36.28, implying -46.60% downside on the model view. Scenario targets for planning: Bear INR 19.38 (model), Base INR 36.00, Bull INR 55.00 on renewed margin expansion or consistent demand. Forecasts are model-based projections and not guarantees.
Trading strategy and risks
Short-term traders can target quick profits near INR 36.55–40.00 with a tight stop below INR 32.00. Swing traders should watch receivables and inventory metrics, which extend the cash conversion cycle and raise operational risk. Long-term investors should seek clearer earnings growth and margin improvement before adding exposure, given a high PE and weak one-year performance.
Final Thoughts
MERCURYEV.BO stock led BSE gainers on 23 Jan 2026 with a 20.61% surge to INR 36.28 on heavy volume, driven by an oversold rebound and short-covering. Fundamentals present a mixed picture: low leverage, decent current ratio, and EPS INR 0.43, but a high trailing PE of 73.49 versus the Industrials average of 33.80. Meyka AI’s grade of C+ (59.72/100) signals caution while the technicals hint at a short-term bounce. Our model projects INR 19.38 monthly, implying -46.60% vs current price; use that as a risk benchmark rather than a target. Active traders may exploit volatility with tight stops; long-term investors should wait for consistent margin and cash conversion improvements. For direct company details visit the corporate site and data pages source and source. Meyka AI, an AI-powered market analysis platform, provides the grade and model forecasts. All forecasts are model-based projections and not guarantees.
FAQs
Why did MERCURYEV.BO stock jump today?
MERCURYEV.BO stock jumped 20.61% on 23 Jan 2026 on higher-than-average volume and an oversold technical setup. Short-covering and a bounce from support near INR 30.00 drove the move, despite no major public earnings release.
Is MERCURYEV.BO stock expensive based on fundamentals?
On fundamentals MERCURYEV.BO stock looks expensive with a trailing PE of 73.49 and PB 2.14, above the Industrials average. Low leverage and a current ratio of 3.37 help, but earnings growth must accelerate to justify the valuation.
What does the Meyka forecast say for MERCURYEV.BO stock?
Meyka AI’s forecast model projects a monthly level of INR 19.38 for MERCURYEV.BO stock, implying -46.60% versus the current INR 36.28. Forecasts are model-based projections and not guarantees.
How should traders approach MERCURYEV.BO stock now?
Traders can use the bounce for short-term trades with a stop under INR 32.00 and targets near INR 40.00. Swing or long-term investors should wait for clearer margin or cash conversion improvement before increasing exposure.
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.
