Shaily Engineering Plastics Sees 6.1% Increase in Stock Price, Outperforms Sector and Market

Shaily Engineering Plastics, a midcap company in the plastic products industry, has seen a 6.1% increase in its stock price on November 6th, 2024. This rise in stock price has been attributed to the company's strong performance in the market. According to MarketsMOJO, a leading stock market analysis and research platform, the current stock call for Shaily Engineering Plastics is 'Hold'. This indicates that the company's stock is expected to perform steadily in the near future. In terms of price, Shaily Engineering Plastics hit a new 52-week high of Rs.1115.55 on the same day, outperforming the sector by 3.41%. The stock also saw a consecutive gain for the last 2 days, with a 13.37% increase in returns during this period. The intraday high for the stock was Rs.1115.55, showing a 6.75% increase. In terms of moving averages, Shaily Engineering Plastics is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the company's stock performance. In the plastic products industry, Shaily Engineering Plastics has outperformed with a gain of 2.69%. This further solidifies the company's strong position in the market. Compared to the overall market performance, Shaily Engineering Plastics has shown a significant increase of 6.62% in just one day, while the Sensex performance was only 0.69%. In the past month, the company's stock has also outperformed the Sensex with a 12.72% increase, while the Sensex saw a decline of -2.03%. Overall, Shaily Engineering Plastics has shown a strong performance in the market, with a steady increase in stock price and outperforming the sector and overall market. With a 'Hold' call from MarketsMOJO, investors can expect a stable performance from this midcap company in the plastic products industry.