Shaily Engineering Plastics Ltd Hits 52-Week High, Outperforms Sector with Strong Performance

Shaily Engineering Plastics Ltd, a smallcap company in the plastic products industry, has recently hit a 52-week high on August 29, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On August 29, the stock reached a new high of Rs. 1059.25, outperforming the sector by 5.17%. It has also been on a consecutive gain for the past 2 days, with a 12.64% increase in returns during this period. The stock opened with a gain of 2.15% today and reached an intraday high of Rs. 1059.25, a 9.54% increase.

Shaily Engineering Plastics Ltd is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, the company has shown a remarkable performance with a 200.37% increase, while the Sensex has only seen a 26.07% growth. This showcases the strong potential of Shaily Engineering Plastics Ltd in the market.

As a smallcap company in the plastic products industry, Shaily Engineering Plastics Ltd has proven to be a strong player in the market with its recent high and consistent performance. Investors can keep an eye on this stock for potential growth opportunities.