Shaily Engineering spurts over 14% in four days

Shaily Engineering Plastics jumped 6.47% to Rs 710, extending recent gains on strong buying support.

Shares of Shaily Engineering Plastics rose 14.62% in four trading sessions to its current market price of Rs 710, from a recent closing low of Rs 619.40 on 5 September 2019.

On BSE, 2,091 shares were traded in Shaily Engineering Plastics counter, compared to a 2-week average of 2,600 shares. The stock hit an intraday high of Rs 720 and an intraday low of Rs 675.

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 a 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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