MEP Infrastructure Developers Ltd Surges 1.96%, Achieves 21-Day Gain of 43.65% Amid Strong Buying Activity

MEP Infrastructure Developers Ltd is currently witnessing significant buying activity, with the stock gaining 1.96% today, outperforming the Sensex, which has only increased by 0.09%. Over the past week, MEP Infrastructure has shown a robust performance with a 9.24% rise compared to the Sensex's 0.32%. Notably, the stock has experienced consecutive gains for the last 21 days, accumulating a remarkable 43.65% return during this period. In terms of longer-term performance, MEP Infrastructure has seen a substantial increase of 41.30% over the past month, while the Sensex has risen by 5.39%. However, the stock's performance over the past year remains negative at -27.37%, contrasting with the Sensex's positive growth of 5.39%. The stock opened with a gap up and has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. This buying pressure may be attributed to various factors, including market sentiment and sector-specific developments in transport infrastructure.