MEP Infrastructure Developers Hits 52-Week Low Amid Significant Yearly Decline
MEP Infrastructure Developers has hit a new 52-week low, with its stock price declining significantly. Over the past year, the company has experienced a substantial drop, contrasting with the overall market performance. The stock is trading below multiple moving averages, reflecting ongoing challenges in its market position.
MEP Infrastructure Developers has reached a new 52-week low, with its stock price falling to Rs. 2.65 on January 13, 2025. This decline is part of a broader trend, as the company has underperformed its sector by 0.76% today and has seen a total drop of 20.29% over the past five days. Over the last year, MEP Infrastructure Developers has faced significant challenges, with a staggering decrease of 83.79%, contrasting sharply with the benchmark Sensex, which has gained 5.77% in the same timeframe. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend in its performance. These metrics highlight the difficulties the company is encountering in the current market landscape.
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