Shaily Engineering Plastics Shows Strong Growth Amid Shift in Market Sentiment
Shaily Engineering Plastics has recently adjusted its evaluation, indicating a shift in technical outlook. The company reported significant growth, with a 43.74% increase in operating profit and a 14.96% rise in net profit over the past five quarters, alongside a notable increase in institutional investor participation.
Shaily Engineering Plastics, a midcap player in the plastic products industry, has recently undergone an adjustment in evaluation, reflecting a shift in its technical outlook. The company's technical indicators have shown a transition from a bullish stance to a mildly bullish position, suggesting a nuanced change in market sentiment.Key financial metrics indicate that Shaily Engineering Plastics has experienced robust growth, with operating profit increasing at an annual rate of 43.74%. The net profit also saw a notable rise of 14.96%, contributing to a series of positive results over the last five consecutive quarters. The company reported its highest net sales for the quarter at Rs 197.58 crore, alongside a strong operating profit to interest ratio of 11.08 times.
Institutional investor participation has also seen a rise, with a 1.61% increase in their stake, now collectively holding 17.07% of the company. This trend underscores the confidence of institutional investors in the company's fundamentals.
Overall, while the stock's technical indicators reflect a mildly bullish trend, Shaily Engineering Plastics continues to demonstrate strong financial performance and market position.
Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
