Shaily Engineering Plastics Opens Strong with 4.83% Gain, Outperforming Sector Trends

Shaily Engineering Plastics, a midcap player in the plastic products industry, has shown significant activity today, opening with a gain of 4.83%. The stock has outperformed its sector by 0.77%, reflecting a robust performance amid broader market trends. Over the past four days, Shaily Engineering has delivered a cumulative return of 10.32%, indicating a positive momentum.
Today, the stock reached an intraday high of Rs 1751, marking a 6.72% increase at its peak. In terms of moving averages, Shaily Engineering is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a strong position in the market.

In comparison to the Sensex, Shaily Engineering's one-day performance stands at 5.95%, while its one-month performance is 14.06%, significantly outpacing the Sensex's 8.34% gain. The plastic products sector overall has seen a rise of 3.68%, further highlighting Shaily Engineering's competitive edge.

With a beta of 1.23, Shaily Engineering is classified as a high beta stock, indicating that it tends to experience larger fluctuations than the market.