MEP Infrastructure Developers Hits Upper Circuit Limit with High Price of Rs 2.4
MEP Infrastructure Developers Ltd, a microcap in the transport sector, reached its upper circuit limit today, reflecting a consistent upward trend over the past 21 days with a notable return. Increased investor participation and trading volume highlight the stock's strong market position and positive momentum.
MEP Infrastructure Developers Ltd, a microcap player in the transport infrastructure sector, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 2.4. The stock experienced a positive change of Rs 0.04, translating to a 1.69% increase in its last traded price. Notably, the stock has been on a consistent upward trajectory, gaining for the last 21 days and achieving a remarkable 43.71% return during this period.The trading volume today reached approximately 0.01022 lakh shares, with a turnover of Rs 0.00024528 crore. MEP Infrastructure Developers has outperformed its sector by 1.39%, indicating strong relative performance. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust trend.
Additionally, there has been a notable increase in investor participation, with delivery volume rising by 163.22% compared to the 5-day average. Overall, MEP Infrastructure Developers Ltd's performance today reflects a strong position in the market, characterized by positive momentum and increased trading activity.
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