India's Shaily Engineering rises as UBS initiates with 'buy' rating

Shaily Engineering Plastics

24/11/2025 04:59

** Shares of Shaily Engineering Plastics SHLY.NS rise 2.7% to 2,546 rupees

** Plastics components maker set to snap a four-day losing streak, if trend holds

** Brokerage UBS initiates coverage with a "buy" rating, sets a price target of 4,000 rupees

** Expects increased traction, utilisation improvement in its consumer and industrial segments

** Says co's healthcare segment revenue to increase as it is one of the few companies with patented technology for fixed-dose and auto injector pens for GLP-1 drugs

** Adds co is in the process of gaining one large customer in the consumer and electronics semiconductor space

** Brokerage sees high potential, high growth and high optionality for co

** YTD, SEPL up 77%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))