Shaily Engineering Plastics Faces Stock Volatility Amid Broader Market Trends

Feb 10 2025 09:35 AM IST
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Shaily Engineering Plastics has faced significant stock volatility, recording a decline for the second consecutive day. Despite an initial gain, the stock reached a low during trading. It remains above several key moving averages, with a modest increase over the past month, outperforming the Sensex.
Shaily Engineering Plastics, a midcap player in the plastic products industry, has experienced notable volatility in its stock performance today. On February 10, 2025, the stock recorded a decline of 5.01%, underperforming its sector by 4.93%. This marks the second consecutive day of losses, with a total drop of 5.13% over this period.

Despite the downturn, the stock opened with a gain of 3.13%, reaching an intraday high of Rs 1684. However, it also faced pressure, hitting a low of Rs 1542, which reflects a decrease of 5.57% during the trading session.

In terms of moving averages, Shaily Engineering Plastics remains above the 20-day, 50-day, 100-day, and 200-day averages, although it is currently below the 5-day moving average. Over the past month, the stock has shown a modest increase of 0.87%, outperforming the Sensex, which recorded a slight gain of 0.12%. The recent performance highlights the stock's fluctuating nature amidst broader market trends.
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