Shaily Engineering Plastics Shows Strong Performance Amid Market Volatility

Jan 30 2025 09:50 AM IST
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Shaily Engineering Plastics has demonstrated notable activity, gaining 5.0% on January 30, 2025, and outperforming its sector. The stock has seen consecutive gains over two days, totaling 10.24%. It opened with a significant gap up and is positioned above several moving averages, reflecting recent volatility in the midcap plastic products industry.
Shaily Engineering Plastics has shown significant activity today, gaining 5.0% on January 30, 2025. The stock has outperformed its sector by 4.42%, reflecting a strong performance relative to industry peers. Over the past two days, Shaily Engineering Plastics has experienced consecutive gains, accumulating a total return of 10.24%.

The stock opened with a notable gap up of 4.97% and reached an intraday high of Rs 1459.35, marking a 5% increase. In terms of moving averages, the stock is currently positioned higher than its 5-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 20-day moving average.

In the context of broader market performance, Shaily Engineering Plastics recorded a 1-day performance of 2.71%, while the Sensex saw a modest increase of 0.12%. Over the past month, the stock has faced a decline of 2.64%, compared to a slightly lesser drop of 2.07% in the Sensex. This performance highlights the stock's recent volatility and its position within the midcap plastic products industry.
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