Shaily Engineering Plastics Ltd Hits Intraday High with 8.33% Surge

Intraday Trading Highlights

The stock demonstrated notable strength throughout the trading session, outperforming its sector by 5.69%. It reversed a short-term downtrend, gaining traction after two days of losses. The intraday high of Rs 2,164.05 represents a 7.47% rise from the previous close, with the day’s closing price reflecting an 8.33% increase. This surge was accompanied by active trading volumes, underscoring heightened market activity around the stock.

Technical Positioning and Moving Averages

From a technical standpoint, Shaily Engineering Plastics Ltd’s price currently trades above its 5-day, 20-day, and 200-day moving averages, indicating short- and long-term upward momentum. However, it remains below the 50-day and 100-day moving averages, suggesting some resistance levels yet to be overcome. This mixed moving average positioning points to a transitional phase in the stock’s trend, with recent gains helping to regain ground lost in prior sessions.

Market Context and Sector Comparison

The broader market environment on 09 Feb 2026 was positive, with the Sensex opening higher at 84,177.51, up 597.11 points (0.71%), and trading near 83,996.59, a 0.5% gain. The Sensex remains 2.57% below its 52-week high of 86,159.02, maintaining a three-week consecutive rise with a cumulative gain of 3.02%. Mega-cap stocks led the market rally, contributing to the overall positive sentiment.

In comparison, Shaily Engineering Plastics Ltd’s 7.76% one-day gain significantly outpaced the Sensex’s 0.50% rise, highlighting its relative strength within the Plastic Products - Industrial sector. Over the past week, the stock has advanced 16.07%, far exceeding the Sensex’s 2.85% gain, though it has experienced a 2.68% decline over the last month against the Sensex’s modest 0.50% increase.

Longer-Term Performance Metrics

Examining Shaily Engineering Plastics Ltd’s performance over extended periods reveals a mixed but generally strong track record. The stock has delivered a 32.88% return over the past year, substantially outperforming the Sensex’s 7.88% gain. Over three years, the stock’s appreciation is remarkable at 625.03%, dwarfing the Sensex’s 38.14% rise. The five- and ten-year returns stand at 1,090.37% and 2,044.07%, respectively, compared to the Sensex’s 63.64% and 249.68% gains, underscoring the company’s long-term growth trajectory.

Mojo Score and Rating Update

Shaily Engineering Plastics Ltd currently holds a Mojo Score of 65.0, categorised as a Hold grade. This represents a downgrade from a previous Buy rating assigned on 02 Feb 2026. The Market Cap Grade is 3, reflecting a mid-tier market capitalisation within its sector. These ratings provide a snapshot of the stock’s current standing based on quantitative and qualitative factors assessed by MarketsMOJO.

Trading Dynamics and Market Sentiment

The stock’s strong intraday performance coincides with a broader market environment where mega-cap stocks are leading gains, and the Sensex is on a steady upward trajectory. The outperformance relative to the sector and benchmark indices suggests focused trading interest and a positive shift in price momentum. The stock’s ability to surpass key short-term moving averages while approaching resistance at the 50-day and 100-day levels will be closely monitored by market participants.

Summary of Key Metrics

On 09 Feb 2026, Shaily Engineering Plastics Ltd’s stock price closed at Rs 2,164.05, up 8.33% on the day. The stock outperformed the Sensex by 7.83 percentage points and the sector by 5.69%. It reversed a two-day decline and traded above its 5-day, 20-day, and 200-day moving averages, though it remains below the 50-day and 100-day averages. The Mojo Score of 65.0 and Hold rating reflect a cautious stance following a recent downgrade from Buy. The Sensex’s positive momentum, led by mega-cap stocks, provided a supportive backdrop for the stock’s gains.

Overall, the stock’s strong intraday surge and relative outperformance highlight a notable shift in trading dynamics within the Plastic Products - Industrial sector on this trading day.

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