MEP Infrastructure Faces Intense Selling Pressure Amid 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, with a decline of 1.81% in today's trading session. Over the past week, MEP Infrastructure has fallen by 3.55%, and its performance over the last month reveals a staggering drop of 15.10%.
In comparison to the broader market, represented by the Sensex, MEP Infrastructure's performance has been notably poor. While the Sensex has declined by only 0.71% today, MEP Infrastructure's losses are substantially greater. Over the past year, the stock has plummeted by 78.64%, while the Sensex has only seen a modest decline of 1.92%.

Several factors may be contributing to this selling pressure, including the stock's underperformance relative to its sector and its position below key moving averages. Currently, MEP Infrastructure is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The stock has lost 4.12% over the last two days alone, highlighting the ongoing challenges faced by the company in the transport infrastructure sector.