MEP Infrastructure Developers Faces Intense Selling Pressure Amid Ongoing Price Declines

MEP Infrastructure Developers Ltd is currently facing significant selling pressure, with today's trading session showing only sellers. The stock has experienced a notable decline of 1.53%, underperforming the Sensex, which fell by just 0.21%. This marks a continuation of a troubling trend, as MEP Infrastructure has recorded losses for the past 15 consecutive days, resulting in a total decline of 23.41% during this period.
Over the past week, the stock has dropped by 8.53%, while the Sensex has managed a slight gain of 0.15%. The one-month performance reveals a stark decline of 14.22% for MEP Infrastructure, contrasting with the Sensex's increase of 1.32%. Year-to-date, the stock is down 33.45%, significantly lagging behind the Sensex's 6.90% gain.

The stock's performance over longer periods is equally concerning, with a staggering 72.89% decline over the past year and an alarming 96.74% drop over the last decade. Additionally, MEP Infrastructure is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent bearish trend. These factors collectively highlight the challenges facing MEP Infrastructure Developers Ltd in the current market environment.