Shaily Engineering Plastics Stock Reaches All-Time High Amid Strong Industry Performance

Shaily Engineering Plastics has made headlines today as its stock price reached an all-time high, reflecting a robust performance in the plastic products industry. The small-cap company is currently trading just 0.33% below its 52-week high of Rs 2070.95, showcasing its strong market position.
In today's trading session, Shaily Engineering Plastics outperformed its sector by 2.52%, with a notable intraday high of Rs 2064.1, marking a 2.66% increase. Over the past two days, the stock has gained 8.07%, contributing to a remarkable 111.93% increase over the past year. This performance is further highlighted by its impressive returns of 432.55% over the last three years and a staggering 1502.20% over the past five years.

The company has demonstrated a strong ability to service its debt, with a low Debt to EBITDA ratio of 1.43 times. Additionally, Shaily Engineering Plastics has reported consistent growth, with operating profit and net profit increasing by 43.59% and 43.83%, respectively, in its latest quarterly results. With high institutional holdings at 23.84%, the company continues to attract attention for its solid fundamentals and market-beating performance.