MEP Infrastructure Developers Ltd 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 a consecutive decline over the past five days, resulting in a total loss of 7.58% during this period. In today's trading, MEP Infrastructure Developers Ltd fell by 1.61%, while the benchmark Sensex gained 0.39%, highlighting a stark contrast in performance.
Over the past month, the stock has declined by 14.88%, significantly underperforming the Sensex, which fell by only 2.26%. Year-to-date, MEP Infrastructure Developers Ltd has seen a staggering decline of 36.90%, compared to the Sensex's positive return of 4.69%. The long-term performance is equally concerning, with a 1-year drop of 76.48% and a 3-year decline of 90.32%, while the Sensex has risen by 42.09% during the same timeframe.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The combination of these factors suggests a challenging environment for MEP Infrastructure Developers Ltd, contributing to the ongoing selling pressure.