Shaily Engineering Plastics Shows Strong Momentum Amid Broader Market Gains
Shaily Engineering Plastics has experienced notable gains, outperforming its sector and achieving a four-day consecutive gain streak. The stock opened higher and reached an intraday peak, trading above key moving averages. Over the past year, it has significantly surpassed the broader market's growth.
Shaily Engineering Plastics has shown significant activity today, gaining 5.76% on May 12, 2025. The stock has outperformed its sector by 2.27%, marking a notable trend as it has been on a four-day consecutive gain streak, accumulating a total return of 11.91% during this period. Opening with a gap up of 4.83%, Shaily Engineering reached an intraday high of Rs 1751, reflecting a 6.72% increase. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.
In the broader market context, the Sensex has experienced a sharp rise, opening 1,349.33 points higher and climbing further to 81,381.64, a 2.43% increase. The plastic products sector has also seen gains, rising by 3.51%.
Shaily Engineering Plastics has demonstrated impressive performance metrics over various time frames, including a remarkable 183.05% increase over the past year, significantly outpacing the Sensex's 11.99% growth during the same period.
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