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 consecutive losses over the past seven days, resulting in a total decline of 11.51%. Today, the stock fell by 1.76%, underperforming the Sensex, which saw a slight increase of 0.05%.
In terms of broader performance, MEP Infrastructure Developers has struggled significantly over the past year, with a staggering decline of 73.23%, while the Sensex has gained 5.75% during the same period. The stock's performance over the last three years is particularly concerning, down 86.96%, compared to the Sensex's increase of 57.63%.

Despite a positive performance of 16.15% over the past month, the overall trend remains negative, with year-to-date losses of 23.10%. The stock is currently trading below its 5-day, 20-day, and 200-day moving averages, although it remains above the 50-day and 100-day averages. This combination of factors suggests a challenging environment for MEP Infrastructure Developers, contributing to the ongoing selling pressure.