MEP Infrastructure Developers Ltd Stock Hits Upper Circuit Limit at Rs 1.82
MEP Infrastructure Developers Ltd experienced notable trading activity today, with its stock reaching the upper circuit limit. The stock outperformed sector averages and recorded a total traded volume of approximately 0.01647 lakh shares. Despite a decline in investor participation, the stock remains above several key moving averages.
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 1.82, reflecting a change of Rs 0.03, or an increase of 1.68%. This performance outpaced the sector's average return of 0.73% and the broader Sensex, which recorded a return of 0.36%.The stock's trading activity included a total traded volume of approximately 0.01647 lakh shares, resulting in a turnover of Rs 0.000299754 crore. Notably, the stock's price band was set at 2%, indicating a stable trading range for the day.
In terms of moving averages, MEP Infrastructure's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. However, there has been a decline in investor participation, with delivery volume dropping by 20.95% compared to the 5-day average.
Overall, MEP Infrastructure Developers Ltd has demonstrated a robust performance today, reflecting positive momentum within its trading activity.
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