The stock market has seen growth this week. However, the market direction is still negative. The market has registered a double-digit decline from its upper levels. Although stock specific action continues, stocks where investors have confidence are maintaining their pace irrespective of any market signal. One such stock is Shaily Engineering Plastics. The stock had an upper circuit of 5 percent in Friday's trading. The stock has given a strong return of 246 percent to its investors in a year. In comparison, the return of the Nifty 50 index has been flat.

In Friday's trading, the stock also recorded its new highest level of the year at 1792.2. The stock has also closed at this level. Veteran investor Ashish Kacholia also has a stake in the stock. He has about 15 lakh shares of the company which is equal to 3.22 percent stake. The stock is currently included in the T group. Under this, the settlement of security is done on a trade to trade basis. Apart from the market movement, the stock has remained strong. In the last one month, the stock has increased by 12 percent. At the same time, the stock has given more than 37 percent return in 3 months. On the other hand, if we compare the current price of the stock with the lowest level of the year, then the stock has given a return of about 300 percent to the investors. That is, the money in the stock has increased 4 times from the lower level.