MEP Infrastructure Developers Faces Intense Selling Pressure Amid Significant Price Declines
MEP Infrastructure Developers Ltd is experiencing intense selling pressure, with a 21-day decline resulting in a 45.53% loss. The stock has dropped 88.65% over the past year and 93.37% over three years, reaching a new low of Rs. 1.34, reflecting ongoing challenges and broader market trends.
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 45.53% during this period. Today, the stock fell by 1.47%, underperforming the Sensex, which declined by only 0.38%.In terms of longer-term performance, MEP Infrastructure Developers has seen a dramatic decrease of 88.65% over the past year, while the Sensex has gained 3.32%. The stock's performance over three years shows a decline of 93.37%, contrasting sharply with the Sensex's increase of 28.77%. Additionally, the stock has hit a new 52-week and all-time low of Rs. 1.34 today.
The persistent selling pressure may be attributed to various factors, including broader market trends and company-specific challenges. MEP Infrastructure Developers is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its market position.
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