Shaily Engineering Plastics Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SHAILY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.6 pts more than its Plastic Products - Consumer peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shaily Engineering Plastics has signed a manufacturing and commercial supply agreement with a large domestic pharma company for the supply of pen injectors. The contract is valued at approximately Rs. 423 crores and will be executed over a period of 4 years. The customer's identity has not been disclosed due to confidentiality reasons. The transaction is a domestic deal and has no related party or promoter interest. The company specializes in plastics and has been expanding into pharma packaging and drug delivery devices.
This is a sizable multi-year order that provides strong revenue visibility for the next 4 years and strengthens Shaily's positioning in the fast-growing pharma injectables segment. Positive for the stock as it signals business momentum and possible order book expansion, though customer concentration risk exists since the buyer name is undisclosed.