In the block deals, promoters Amit Mahendra Sanghvi and Laxman Sanghvi offloaded part of their stakes in the company. While the former sold 1 lakh shares, the latter pared 50,000 equity shares.
Motilal Oswal Mutual Fund was also a buyer in the deals. It purchased 50,000 shares at a price of Rs 2,585.1 per share, taking the deal size to Rs 13 crore. S I Investments Broking Pvt Ltd also bought 60,000 shares.
Laxman Sanghvi held around 23.82 lakh shares representing a 5.18% stake as of September 30, 2025, while Amit Mahendra Sanghvi held 13.03 lakh shares accounting for a 2.84% stake.
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Established in 1987, Shaily provides end-to-end solutions in plastic products and services. Its stock has been a multibagger, giving returns of 147% over a 1-year period. Shaily Engineering shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 2,351.8 and Rs 1,857.8 respectively, according to Trendlyne data. Shaily Engineering Plastics delivered a stellar set of numbers in the September-ended quarter. The company’s consolidated net profit saw a 134% jump in Q2 to Rs 51 crore compared to Rs 22 crore in the year-ago period. Total revenue grew 34% in the quarter under review to Rs 259 crore versus Rs 193 crore in the corresponding quarter of the last financial year.
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