Shaily Engineering Plastics Outperforms Sector and Broader Market Amid Strong Upward Trend
Shaily Engineering Plastics experienced notable stock activity on January 31, 2025, outperforming its sector and the broader market. The stock has shown a strong upward trend over the past three days, trading above key moving averages and reflecting a solid position within the plastic products industry.
Shaily Engineering Plastics has shown significant activity today, with the stock rising by 5.0% on January 31, 2025. This performance has allowed the company to outperform its sector, which gained 2.3%, by a margin of 1.16%. Over the past three days, Shaily Engineering Plastics has demonstrated a strong upward trend, accumulating a total return of 14.32%.The stock opened with a notable gain of 4.02% and reached an intraday high of Rs 1529, reflecting a 4.77% increase at its peak. Additionally, Shaily Engineering Plastics is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust performance relative to its historical price trends.
In terms of broader market performance, Shaily Engineering Plastics has outperformed the Sensex, which recorded a modest gain of 0.61% today. Over the past month, the stock has increased by 4.96%, contrasting with the Sensex's decline of 1.16%. This performance highlights Shaily Engineering Plastics' strong position within the plastic products industry.
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