Why is MEP Infrast. falling/rising?
As of 23-Sep, MEP Infrastructure Developers Ltd is currently priced at 1.72, showing a short-term gain of 1.78% but a significant year-to-date decline of -40.69%. Despite recent outperformance against the sector, long-term performance remains weak, with an 87.02% drop over three years.
As of 23-Sep, MEP Infrastructure Developers Ltd is experiencing a price increase, currently at 1.72, with a change of 0.03, representing a rise of 1.78%. The stock has shown a strong performance today, outperforming its sector by 2.7%, and has been on a consecutive gain streak for the last six days, accumulating a total return of 11.69% during this period. Despite this positive momentum, the stock's year-to-date performance remains significantly negative at -40.69%, and it has declined by 72.39% over the past year. Additionally, the stock's delivery volume has decreased sharply by 87.38% compared to the five-day average, indicating a decline in investor participation, which could affect future price movements.Broader market context shows that while MEP Infrastructure has outperformed the Sensex in the short term with a weekly return of +9.55% compared to the benchmark's -0.34%, its long-term performance is considerably lagging behind the market. Over the past three years, the stock has dropped by 87.02%, while the Sensex has gained 41.31%. This stark contrast highlights the challenges faced by MEP Infrastructure in attracting sustained investor interest despite recent gains. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume raises concerns about the sustainability of its recent upward trend.
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