EPCL announced its quarterly earnings<\/a> <\/strong>recently and we covered w<\/strong><\/a>hy the EPCL stock fell<\/a> <\/strong>afterwards. Its struggles are by no means over. But stocks usually bottom out well before the retail investor realizes<\/strong> the business environment has changed. <\/p>\n\n\n\n No recent development suggests the company’s difficult days are over. But when senior management buys stock in large quantities, something good may be around the corner.<\/p>\n\n\n\n Looking at the EPCL chart<\/strong>, one can see that the once resistance at Rs. 42<\/strong> has now already been tested twice as a support level. It is now about to test that level again, something that will invite the investors’ attention in the next few days.<\/p>\n\n\n\n The company is expected to announce the completion of the new H2O2 plant<\/strong> soon and that could well be a positive trigger, even though H2O2 margins and demand are also currently struggling, just like PVC, which is EPCL’s main source of revenue. <\/p>\n\n\n\n The EPCL shares were last trading at Rs. 2,170,500<\/strong> today.<\/p>\n","protected":false},"excerpt":{"rendered":" Engro Polymers and Chemicals Ltd (EPCL) reported a transaction by the Senior Management.<\/p>\n","protected":false},"author":2,"featured_media":4543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[151],"tags":[44],"class_list":["post-4542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insider-transactions","tag-epcl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/EPCL-Insider-Transaction-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/EPCL-Insider-Transaction-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/EPCL-Insider-Transaction-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/EPCL-Insider-Transaction.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=4542"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/4543"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=4542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=4542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=4542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"EPCL](\"https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/EPCL-30-april-technical-analysis-1024x592.png\")
<\/figure>\n\n\n\n