Shaily Engineering Plastics' Stock Hits All-Time High, Outperforms Sector and Market

Shaily Engineering Plastics, a midcap company in the plastic products industry, has been making waves in the stock market with its recent performance. On November 7th, the company's stock price reached an all-time high, hitting Rs.1174.9. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock has been on a winning streak for the past 3 days, outperforming the sector by 1.04%. In this period, it has seen a significant rise of 20.13% in its returns. The stock opened at Rs.1174.9 and has maintained this price, showing a strong hold in the market.

Shaily Engineering Plastics is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance. This is a promising sign for investors looking to buy the stock.

In the past year, Shaily Engineering Plastics has shown an impressive growth of 238.16%, while the Sensex has only seen a 23.72% growth. This showcases the company's strong performance and potential for future growth.

With its consistent rise in stock price and positive performance, Shaily Engineering Plastics is definitely a company to watch out for in the plastic products industry. Investors can consider adding this midcap company to their portfolio for potential long-term gains.