Shaily Engineering Plastics soars on incorporating wholly owned subsidiary
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Shaily Engineering Plastics is currently trading at Rs. 1534.00, up by 40.75 points or 2.73% from its previous closing of Rs. 1493.25 on the BSE.
The scrip opened at Rs. 1491.00 and has touched a high and low of Rs. 1550.00 and Rs. 1460.15 respectively. So far 9226 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 1550.00 on 03-Jan-2025 and a 52 week low of Rs. 312.10 on 16-Jan-2024.
Last one week high and low of the scrip stood at Rs. 1550.00 and Rs. 1394.15 respectively. The current market cap of the company is Rs. 7081.31 crore.
The promoters holding in the company stood at 43.81%, while Institutions and Non-Institutions held 15.46% and 40.73% respectively.
Shaily Engineering Plastics has incorporated wholly owned subsidiary namely ‘Shaily Innovations FZCO’ in Dubai, UAE on January 1, 2025. Shaily Innovations FZCO will be doing design and development of drug delivery device contracts. Initial subscription amounting to United Arab Emirates Dirham 1,00,000 is yet to be made by Shaily Engineering Plastics.
Shaily Engineering Plastics is engaged in providing service excellence in plastics injection moulding. They are one of the very few companies having Class 10000 Clean Room Injection Moulding Facility.
