MEP Infrastructure Developers Faces Intense Selling Pressure Amid Significant Price Declines

MEP Infrastructure Developers Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past 21 days, resulting in a staggering loss of 49.45% during this period. Today, the stock fell by 1.43%, slightly outperforming the Sensex, which declined by 1.56%. However, the broader trend reveals a troubling performance relative to the Sensex over various time frames.
In the past week, MEP Infrastructure Developers has lost 5.48%, compared to the Sensex's 2.32% drop. Over the last month, the stock has plummeted by 46.51%, while the Sensex has gained 4.11%. The year-to-date performance is equally concerning, with MEP down 52.41% against the Sensex's modest decline of 2.48%.

The stock has reached a new 52-week and all-time low of Rs. 1.38 today, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The construction and real estate sector has also seen a decline of 2.49%, contributing to the overall negative sentiment surrounding MEP Infrastructure Developers.