Shaily Engineering Plastics Faces Continued Decline Amid Broader Market Resilience

Apr 02 2025 09:35 AM IST
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Shaily Engineering Plastics has faced a decline, marking its third consecutive day of losses and a total drop of over 10% during this period. Despite this, the stock has significantly outperformed the Sensex over the past month and year, showcasing strong long-term growth.
Shaily Engineering Plastics has experienced a notable decline of 5.0% on April 2, 2025, underperforming the sector by 4.42%. This marks the third consecutive day of losses for the stock, which has seen a total drop of 10.39% over this period. The stock opened lower today, with an initial loss of 3.15%, and reached an intraday low of Rs 1691, reflecting a decrease of 5.17%.

In terms of moving averages, Shaily Engineering Plastics is currently positioned above the 50-day, 100-day, and 200-day moving averages, yet it remains below the 5-day and 20-day moving averages.

In the broader market context, the Sensex has shown resilience, rising by 0.53% after a positive opening, and is trading above its 50-day moving average. Over the past month, Shaily Engineering Plastics has delivered a return of 11.99%, significantly outperforming the Sensex, which has gained 4.42%. Over the past year, the stock has surged by an impressive 221.91%, contrasting sharply with the Sensex's modest 3.42% increase.
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