MEP Infrastructure Developers Faces Trading Challenges Amid Declining Investor Interest
MEP Infrastructure Developers Ltd faced notable trading activity as its stock reached the lower circuit limit, closing at Rs 2.27. The stock has been on a downward trend, underperforming its sector and experiencing a significant drop over the past five days, alongside reduced investor participation.
MEP Infrastructure Developers Ltd, a microcap player in the transport infrastructure sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 2.27, reflecting a decrease of Rs 0.05, or 2.16%, from the previous session. Notably, the stock's low price matched its intraday high, indicating a lack of upward movement during the trading day.The total traded volume was recorded at 0.01331 lakh shares, with a turnover of Rs 0.000302137 crore. The stock has been on a downward trend, underperforming its sector by 2.48% and showing a consecutive decline over the past five days, resulting in a total drop of 10.28% during this period.
In terms of moving averages, MEP Infrastructure Developers' stock is currently above the 20-day, 50-day, and 100-day averages but below the 5-day and 200-day averages. Additionally, investor participation has waned, with delivery volume falling by 51.42% compared to the five-day average.
Overall, MEP Infrastructure Developers Ltd's performance today highlights ongoing challenges, with the stock firmly positioned at its lower circuit limit amid declining investor interest.
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