Shaily Engineering Plastics' Stock Soars 7.1% Amidst Positive Market Trend

Shaily Engineering Plastics, a smallcap company in the plastic products industry, saw a 7.1% increase in its stock price on August 16, 2024. This rise was in line with the overall positive trend in the market, with the company's stock outperforming the sector by 5.18%.

The stock of Shaily Engineering Plastics hit a new 52-week high of Rs.969.35 on the same day, indicating a strong performance by the company. Intraday, the stock reached a high of Rs.969.35, showing a 7.06% increase.

The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In comparison to the Sensex, Shaily Engineering Plastics' stock has performed exceptionally well, with a 1-day performance of 7.42% compared to Sensex's 1.23% performance. In the past month, the company's stock has also outperformed the Sensex, with a 1-month performance of 11.79% compared to Sensex's -0.79% performance.

Shaily Engineering Plastics is a smallcap company in the plastic products industry, known for its high-quality products and strong market presence. With its recent positive performance, the company continues to show its potential for growth and success in the industry.