MEP Infrastructure Developers Faces Severe Financial Struggles Amidst Ongoing Stock Decline

MEP Infrastructure Developers has experienced significant volatility, hitting a new 52-week low of Rs. 1.34 today. The stock has been on a downward trajectory, underperforming its sector by 1.47% and marking a consecutive decline over the past 21 days, resulting in a staggering 45.53% drop during this period.
In terms of moving averages, MEP Infrastructure is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The company's long-term fundamentals appear weak, with net sales declining at an annual rate of 51.44% and operating profit stagnating at 0% over the last five years. Additionally, MEP has not reported financial results in the past six months, raising concerns about its financial health.

The company has faced negative results for eight consecutive quarters, with a notable increase in interest expenses and a significant drop in net sales and profit after tax. Furthermore, 82.7% of promoter shares are pledged, which could exert additional pressure on the stock in a declining market. Overall, MEP Infrastructure Developers has shown consistent underperformance against market benchmarks, with a one-year return of -88.65%.