Persistent Downward Momentum
MEP Infrastructure Developers Ltd’s share price fell by 1.56% on 11-Feb, closing at ₹1.26. This decline extends a losing streak over the past two days, during which the stock has shed 3.08% in value. The recent price action also marks a fresh 52-week and all-time low, underscoring the severity of the downtrend. Such a move is particularly notable given the stock’s underperformance relative to its sector, lagging by 1.85% on the day.
When viewed over longer periods, the stock’s performance is markedly weak. Over the past week, it has declined by 5.26%, while the Sensex benchmark index gained 0.50%. The one-month return paints an even bleaker picture, with the stock plunging 26.74% compared to a modest 0.79% rise in the Sensex. Year-to-date, ...
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