Shaily Engineering Stock Sees Correction After Multibagger Gains

Shaily Engineering Plastics is a company that makes special plastic parts.

Its stock price has gone up a lot in the last five years, from Rs 156 to Rs 2,200.

That's a huge increase of 1,310%!

But recently, the stock has gone down a bit, about 8.60% in a month.

The company doesn't have much debt, which is good.

A big bank called UBS thinks the stock could go up to Rs 4,000 in the future because the company has special technology for making medicine devices.

The stock is currently trading at Rs 2,200, and experts think it might go between Rs 2,000 and Rs 2,400 in the short term.