MEP Infrastructure Developers Ltd Gains 1.68%, Marks 21 Consecutive Days of Price Increases

MEP Infrastructure Developers Ltd is currently witnessing significant buying activity, with the stock gaining 1.68% today, outperforming the Sensex, which rose by 0.87%. Over the past week, MEP has shown a robust performance with a 7.08% increase compared to the Sensex's 2.03%. Notably, the stock has experienced consecutive gains for the last 21 days, accumulating a remarkable 43.2% return during this period.
In terms of longer-term performance, MEP Infrastructure has seen a 40.70% increase over the past month, while the Sensex has only risen by 3.72%. However, it is important to note that the stock's performance over the past year remains negative at -21.68%, contrasting with the Sensex's positive growth of 6.34%.

The price summary indicates that MEP Infrastructure is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The stock opened with a gap up and reached an intraday high, contributing to the heightened buying pressure. Factors such as market sentiment and sector performance may be influencing this buying activity, particularly in the transport infrastructure industry.