Shaily Engineering Plastics Marches Over 7% Recommends Dividend

In the opening hours of trade major market has opened on a positive note showcasing a bullish undertone in the market. Meanwhile, plastics products player Shaily Engineering Plastics is riding the bull soaring over 7% in BSE.

The company on 20 May 2017, has recommended a dividend of Rs. 5 per equity share of face value of Rs. 10 each, subject to the approval of the members at the forthcoming 37th Annual General Meeting.

As per market observers, the Company has consistent profit growth of 28.49% over 5 years. The stock has underperformed BSE Smallcap index and Nifty Service sector index on a yearly basis.

Shaily Engineering Plastics Limited (SEPL) is engaged in the manufacture of other plastics products. The Company manufactures high precision injection moulded plastic components, assemblies, moulds and dies for Original Equipment Manufacturer (OEM) requirements.

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