Shaily Engineering breaks four-day rising streak

Shaily Engineering Plastics fell 2.01% to Rs 727.95 on profit booking after a recent rally.

Shares of Shaily Engineering Plastics jumped 19.93% in the past four trading sessions to settle at Rs 742.90 yesterday, 12 September 2019, from its close of Rs 619.40 on 5 September 2019.

On BSE, 923 shares were traded in Shaily Engineering Plastics counter, compared to a 2-week average of 3,034 shares. The stock hit an intraday high of Rs 776 and an intraday low of Rs 710.

It hit a 52-week high of Rs 1,148.90 on 17 September 2018 and a 52-week low of Rs 495 on 5 August 2019.

Shaily Engineering Plastics' net profit fell 17.6% to Rs 4.73 crore on 9.5% decline in net sales to Rs 80.59 crore in Q1 June 2019 compared with Q1 June 2018.

Shaily Engineering Plastics (SEPL) is engaged in the manufacture of other plastics products. The company manufactures high precision injection molded plastic components, assemblies, molds and dies for original equipment manufacturer (OEM) requirements. The firm also has injection blow molding facilities for manufacture of bottles for pharmaceutical industry.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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