MEP Infrastructure Developers rose 1.09% to Rs 102 at 13:01 IST on BSE on bargain hunting after sliding 10.27% in the preceding six trading sessions to settle at Rs 100.90 on 17 November 2017, from its close of Rs 112.45 on 9 November 2017.
Meanwhile, the S&P BSE Sensex was down 37.02 points or 0.11% at 33,305.78. The S&P BSE Small-Cap index was up 109.19 points or 0.62% at 17,714.32.
On the BSE, 1.14 lakh shares were traded on the counter so far as against the average daily volumes of 3.75 lakh shares in the past one quarter. The stock had hit a high of Rs 104.20 and a low of Rs 100.55 so far during the day. The stock had hit a record high of Rs 148 on 10 July 2017 and a record low of Rs 34 on 24 November 2016.
The stock had outperformed the market over the past one month till 17 November 2017, rising 3.22% compared with 2.94% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 12.68% as against Sensex's 5.77% rise. The scrip, however, outperformed the market in past one year, surging 167.99% as against Sensex's 27.50% rise.
The small-cap company has equity capital of Rs 162.57 crore. Face value per share is Rs 10.
MEP Infrastructure Developers' consolidated net profit fell 89.51% to Rs 6.55 crore on 8.56% decline in net sales to Rs 409.08 crore in Q2 September 2017 over Q2 September 2016.
MEP Infrastructure Developers is one of the leading infrastructure operators and toll management companies.
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