Shaily Engineering Plastics Faces Trading Challenges Amid Significant Stock Activity

Apr 03 2025 10:00 AM IST
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Shaily Engineering Plastics Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 1,689.9. The stock experienced a significant decline, with a total volume of approximately 1.51 lakh shares traded. Despite adequate liquidity, it has underperformed its sector recently.
Shaily Engineering Plastics Ltd, a mid-cap player in the plastic products industry, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at Rs 1,689.9, reflecting a decline of Rs 88.95 or 5.0% from the previous trading session. The price band for the day was set at 5%, with the stock reaching an intraday low of Rs 1,606, marking a drop of 4.96%.

Today's trading saw a total volume of approximately 1.51 lakh shares, resulting in a turnover of around Rs 25.60 crore. The stock has been on a downward trend, having lost 15.72% over the past four days, underperforming its sector by 4.45%. It opened with a gap down of 2.36%, indicating a challenging market environment.

Despite trading above its 50-day, 100-day, and 200-day moving averages, Shaily Engineering Plastics is currently below its 5-day and 20-day moving averages. The stock's liquidity remains adequate, with delivery volume showing a notable increase of 57.95% compared to the five-day average. Overall, the stock's performance today reflects ongoing challenges in the market.
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