Shaily Engineering Plastics Faces Continued Decline Amid Broader Market Recovery
Shaily Engineering Plastics has faced a decline, marking its fourth consecutive day of losses and a total drop of 15.03% over this period. Despite recent challenges, the stock has shown strong annual performance, increasing by 192.44%, significantly outperforming the Sensex's 3.24% gain in the same timeframe.
Shaily Engineering Plastics has experienced a notable decline of 5.0% on April 3, 2025, underperforming its sector by 5.38%. This marks the fourth consecutive day of losses for the stock, which has seen a total drop of 15.03% over this period. The stock opened lower today, with a gap down of 2.37%, and reached an intraday low of Rs 1606.2.In terms of moving averages, Shaily Engineering Plastics is currently positioned above its 100-day and 200-day moving averages, yet it remains below the 5-day, 20-day, and 50-day moving averages.
Looking at broader market trends, the Sensex initially opened down by 805.58 points but managed to recover, trading at 76,255.89 with a decrease of 0.47%. While Shaily Engineering Plastics has faced recent challenges, its performance over the past year remains strong, with a remarkable increase of 192.44%, significantly outpacing the Sensex's 3.24% gain during the same timeframe.
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