EPL Ltd Faces Continued Decline Amid Broader Market Challenges in Plastic Sector

EPL Ltd, a midcap player in the plastic products industry, has experienced a significant decline today, with shares dropping by 5.49%. This downturn marks the fourth consecutive day of losses for the stock, which has seen a total decline of 11.59% over this period. The stock opened lower, down 2.92%, and reached an intraday low of Rs 178.05, reflecting a decrease of 5.57%. In terms of performance metrics, EPL Ltd has underperformed compared to the broader market. Over the past week, the stock has fallen by 12.24%, while the Sensex has decreased by 6.15%. On a monthly basis, EPL's decline stands at 13.97%, compared to a 2.26% drop in the Sensex. Year-to-date, EPL has seen a substantial decline of 31.68%, while the Sensex has only decreased by 7.02%. Additionally, EPL Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The plastic products sector overall has also faced challenges, with a decline of 4.9%.