Shaily Engineering Plastics Ltd.

NSE: SHAILY | BSE: 501423 | ISIN: INE151G01028 | Industry: Plastic Products
| Expensive Star
1653.4000 -177.40 (-9.69%)
NSE Apr 21, 2025 15:31 PM
Volume: 239.1K
 

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Shaily Engineering Plastics Ltd.
01 Mar 2019
1653.40
-9.69%
buy
by ICICI Securities Limited
Target: 635
ICICI Securities Limited
Shaily recorded another tepid performance in Q3FY19 with volume degrowth of 9% YoY. We believe the sales growth of ~9% YoY was largely driven by price hike and a change in product mix. The lower volume growth was attributable to revised inventory policy by key client which has decided to reduce inventory holding from 80-90 days earlier to 45 days now. We believe the revised inventory policy by one of its key clients and slow volume offtake from a new client (global department stores) would keep volume growth under check in the current quarter. The management guided for recovery in growth from 2HFY20E and...
 
Shaily Engineering Plastics Ltd. is trading below its 30 day SMA of 1716.1
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