Shaily Engineering Plastics Ltd's Stock Reaches All-Time High, Outperforming Sector and Sensex

Jun 18 2024 09:25 AM IST
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Shaily Engineering Plastics Ltd, a smallcap company in the plastic products industry, has been gaining attention in the stock market with its recent performance. Its stock reached an all-time high on June 18, 2024, and has been on a winning streak for the past 9 days. The company's stock is currently trading higher than its moving averages, indicating a positive trend. With a strong performance of 133.66% in the past year, Shaily Engineering Plastics Ltd shows potential for long-term gains.

Shaily Engineering Plastics Ltd, a smallcap company in the plastic products industry, has been making waves in the stock market with its recent performance. On June 18, 2024, the company's stock price reached an all-time high, making investors take notice.

According to MarketsMOJO, a leading stock market analysis platform, Shaily Engineering Plastics Ltd's stock is a 'Buy' call. The company's stock has been on a winning streak for the past 9 days, with a gain of 18.9% during this period. Today, the stock opened with a gain of 2% and touched an intraday high of Rs 713.1, outperforming the sector by 1.02%.

The stock has also shown high volatility today, with an intraday volatility of 120.88%. This is calculated from the weighted average price, indicating the strong interest of investors in the company's stock.

Shaily Engineering Plastics Ltd's stock is currently trading higher than 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's stock has shown an impressive performance of 133.66%, while the Sensex has only grown by 21.64%. This shows the strong potential of Shaily Engineering Plastics Ltd in the market.

With its consistent growth and strong performance, Shaily Engineering Plastics Ltd is definitely a company to watch out for in the plastic products industry. Investors can consider adding this smallcap company to their portfolio for potential long-term gains.
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