MEP Infrastructure Developers Hits Upper Circuit Limit with High Price of Rs 1.97
MEP Infrastructure Developers Ltd, a microcap in the transport sector, experienced notable trading activity as its stock reached the upper circuit limit. The stock has shown strong performance over the past two weeks, with significant returns, while maintaining liquidity despite a decline in delivery volume.
MEP Infrastructure Developers Ltd, a microcap player in the transport infrastructure sector, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 1.97, reflecting a change of Rs 0.03, or a 1.55% increase. The stock's performance has been impressive over the past 14 days, with a cumulative return of 25.16%. Today's trading saw a total volume of 0.0357 lakh shares, resulting in a turnover of Rs 0.00070329 crore. The stock's price band is set at 2%, indicating a stable trading range. Notably, MEP Infrastructure's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.
Despite a decline in delivery volume, which fell by 57.16% compared to the 5-day average, the stock remains liquid enough for trading. Overall, MEP Infrastructure Developers Ltd's performance today underscores its resilience in the market, maintaining a positive trajectory amidst fluctuating investor participation.
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