MEP Infrastructure Developers Faces Intense Selling Pressure Amidst 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 47.29% during this period. Today, the stock fell by 1.45%, while the benchmark Sensex gained 0.23%, highlighting a stark contrast in performance.
Over the past week, MEP Infrastructure Developers has declined by 5.56%, underperforming the Sensex, which fell by only 1.41%. The stock's performance over the last month is particularly concerning, with a drop of 47.29%, compared to a 4.10% increase in the Sensex. Year-to-date, MEP Infrastructure Developers has lost 53.10%, while the Sensex has only dipped by 2.48%.

The stock has hit a new 52-week and all-time low of Rs. 1.36 today, indicating a challenging market position. Additionally, MEP Infrastructure Developers is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further emphasizing the ongoing selling trend. The combination of these factors suggests a significant downturn for the microcap construction firm.