MEP Infrastructure Developers Stock Hits Upper Circuit Limit at Rs 2.24
MEP Infrastructure Developers Ltd, a microcap in the transport sector, reached its upper circuit limit today, reflecting strong market activity. The stock has gained consistently over the past 21 days, achieving a notable return. Increased trading and delivery volumes indicate heightened investor interest and robust market positioning.
MEP Infrastructure Developers Ltd, a microcap player in the transport infrastructure sector, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 2.24. The stock experienced a positive change of Rs 0.04, translating to a 1.82% increase in its value. Notably, the stock has been on a consistent upward trajectory, gaining for the last 21 days and achieving a remarkable 44.52% return during this period.The trading volume today reached approximately 0.20402 lakh shares, with a turnover of Rs 0.00457 crore. The stock's performance has outpaced its sector by 1.06%, reflecting strong market positioning. MEP Infrastructure Developers is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust trend.
Additionally, the delivery volume on October 15 was recorded at 22.37k, marking a 5.95% increase compared to the 5-day average, suggesting rising investor participation. Overall, MEP Infrastructure Developers Ltd has demonstrated solid performance metrics today, reinforcing its position in the market.
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