Shaily Engineering Plastics Achieves 52-Week High Amid Strong Financial Performance

Shaily Engineering Plastics has made headlines today as its stock price reached a new 52-week high of Rs. 2170.25, reflecting a notable increase of 2.61% during intraday trading. This small-cap company, operating in the plastic products industry, has demonstrated impressive performance, gaining 11.32% over the past three days.
The company has consistently reported strong financial metrics, with a remarkable annual growth rate of 43.59% in operating profit and a net profit increase of 43.83%. Shaily Engineering Plastics has also shown resilience, declaring positive results for seven consecutive quarters. Its ability to service debt is underscored by a low Debt to EBITDA ratio of 1.43 times, indicating a solid financial foundation.

In terms of market positioning, Shaily Engineering Plastics has outperformed the BSE500 index over various time frames, including a striking 118.51% return over the past year, compared to the Sensex's modest 0.65%. The stock is currently trading above its moving averages, further highlighting its strong market performance. With high institutional holdings at 23.84%, the company continues to attract attention for its robust fundamentals and growth trajectory.