Shaily Engineering Plastics Ltd Hits Intraday High with 7.48% Surge

Intraday Trading Highlights

On 4 Feb 2026, Shaily Engineering Plastics Ltd, a key player in the Plastic Products - Industrial sector, recorded a significant intraday rally. The stock touched an intraday peak of Rs 2,055.75, representing a 7.48% gain from its previous close. This surge notably outpaced the Sensex, which closed with a modest gain of 0.07%, and the sector’s performance, with Shaily Engineering Plastics outperforming by 3.99% relative to its industry peers.

The stock’s strong intraday movement was accompanied by a continuation of its recent upward trend, marking the second consecutive day of gains. Over these two sessions, the stock has delivered a cumulative return of 9.41%, underscoring sustained buying interest and positive price action.

Technical Positioning and Moving Averages

From a technical perspective, Shaily Engineering Plastics Ltd’s price currently trades above its 5-day moving average, signalling short-term strength. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating that while immediate momentum is positive, the stock has yet to break through longer-term resistance levels. This positioning suggests a phase of consolidation with potential for further directional moves depending on market conditions.

Market Context and Broader Indices

The broader market environment on 4 Feb 2026 was characterised by a sharp recovery in the Sensex. After opening 487.07 points lower, the index rebounded strongly by 546.61 points to close at 83,798.67, just 2.82% shy of its 52-week high of 86,159.02. Despite trading below its 50-day moving average, the Sensex’s 50DMA remains above the 200DMA, signalling an overall positive medium-term trend. Mega-cap stocks led the market rally, contributing to the Sensex’s modest 0.07% gain.

Performance Comparison Over Various Timeframes

Examining Shaily Engineering Plastics Ltd’s performance relative to the Sensex over multiple periods reveals a mixed but generally strong trend. The stock outperformed the Sensex in the short term, gaining 5.06% in one day compared to the Sensex’s 0.05%, and 12.00% over one week versus the Sensex’s 1.75%. However, over the one-month and three-month periods, the stock underperformed, declining by 8.12% and 13.08% respectively, while the Sensex posted smaller losses or modest gains.

Longer-term returns remain impressive, with the stock delivering 23.86% over one year compared to the Sensex’s 6.62%, and an extraordinary 565.84% over three years against the Sensex’s 37.71%. Over five and ten years, Shaily Engineering Plastics Ltd has outpaced the Sensex substantially, with returns of 1,070.67% and 1,941.79% respectively, compared to the Sensex’s 65.53% and 244.24%.

Mojo Score and Rating Update

Shaily Engineering Plastics Ltd currently holds a Mojo Score of 65.0, categorised as a Hold rating. This represents a downgrade from its previous Buy rating, which was revised on 2 Feb 2026. The company’s Market Cap Grade stands at 3, reflecting its mid-tier market capitalisation within the Plastic Products - Industrial sector. The rating adjustment indicates a more cautious stance on the stock’s near-term outlook, despite its recent strong price action.

Trading Activity and Market Sentiment

Trading volumes and price action on 4 Feb 2026 suggest active participation from market participants, with the stock’s upward momentum supported by the broader market’s recovery. The intraday high of Rs 2,055.75 represents a 5% increase from the previous session’s close, signalling robust demand during the trading day. This performance is particularly notable given the stock’s position relative to its moving averages and the overall market environment.

Summary of Intraday Strength

In summary, Shaily Engineering Plastics Ltd’s strong intraday performance on 4 Feb 2026, marked by a 7.48% gain and an intraday high of Rs 2,055.75, highlights the stock’s resilience and ability to outperform both its sector and the broader market. The continuation of its two-day gain streak and outperformance relative to the Sensex underscore a positive trading environment for the stock. While the Mojo rating reflects a Hold stance, the stock’s recent price action and technical positioning suggest active market interest and momentum.

Investors and market watchers will note the stock’s mixed performance over various timeframes, with strong long-term returns contrasting with some short-term volatility. The broader market’s recovery and mega-cap leadership provide a supportive backdrop for the stock’s current trajectory.

Market Capitalisation and Sector Positioning

Operating within the Plastic Products - Industrial sector, Shaily Engineering Plastics Ltd holds a mid-level market capitalisation grade of 3. This positioning places it among the mid-sized companies in its industry, balancing growth potential with established operational scale. The sector itself has experienced varied performance in recent months, with Shaily Engineering Plastics Ltd’s recent gains contributing positively to the segment’s overall momentum.

Closing Remarks on Trading Dynamics

The stock’s ability to maintain gains above its short-term moving average while navigating resistance from longer-term averages will be a key factor in its near-term price behaviour. The intraday high of Rs 2,055.75 and the 7.48% day change reflect a strong trading session, supported by broader market recovery and sector outperformance. This dynamic highlights the stock’s current appeal within its industry and the wider market context.

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