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Shaily Engineering Plastics Limited (SHAILY) breaks below support, falls 5%

Shaily Engineering Plastics Limited (SHAILY) experiences a 5% intraday decline, breaking below its support line in the Specialty Chemicals sector.

priyanka verma tradealone

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Shaily Engineering Plastics Limited SHAILY breaks below support

Shaily Engineering Plastics Limited (SHAILY) breaks below support, falling -5% today. This move follows a breakdown below the 6-month support trendline, signaling a shift in market sentiment. Shaily Engineering Plastics, a key player in the specialty chemicals segment of the basic materials sector, has seen its stock price decline despite a generally positive sector momentum. This suggests that today’s move may be more company-specific rather than a sector-wide trend.

Technical setup — trendlines & DMA

The current trendline structure for SHAILY shows a breakdown below the 6-month support trendline, which ended at 3435.26. The stock is now trading 25.60% below this support level, indicating a significant shift in market sentiment. Resistance is noted at 3626.31, which is 32.59% above the current price. The 50-DMA at 2576.9 is above the 200-DMA at 2333.1, suggesting a bullish longer-term trend, though the stock is currently 11.89% above the 50-DMA, indicating it may be slightly extended. SHAILY is trading in the upper third of its 52-week range, 71% above the 52-week low and 15.4% below the 52-week high, suggesting that much of the potential upside may already be priced in.

6M Trendline — Intraday Snapshot
BREAKDOWN₹2,000₹2,500₹3,00023 Mar24 Apr22 May18 Jun

Snapshot: 2,735.00 on 2026-06-18 (chart frozen at publication)

Fundamentals & business context

With a PE of 78.4, Shaily Engineering Plastics is trading at a high multiple relative to its profit margin of 17.2% and revenue CAGR of 17.8%. This suggests that the market may be pricing in future growth expectations, though the current valuation appears stretched relative to the company’s current earnings. Institutional ownership stands at 27.7%, indicating a moderate level of confidence from smart money, though not overwhelmingly bullish. There was no specific NSE catalyst today to explain the move, suggesting it may be driven by broader market sentiment or technical factors.

SHAILY
Holdings Analysis
Key strengths & risk signals
76
Overall
76
Fundamental
76
Technical
Risks (3)
NEGLIGIBLE DIVIDEND! 0.1% yield - little to no income.
RECOVERY MODE! Current price (3107.2) above 200-day but below 50-day.
WEAK MOMENTUM! Limited price growth - -8.1% (1 week), -8.5% (1 month), 10.8% (3 months).
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (3150.4) is above 200-day average (2547.4) - positive signal.
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 224,357 vs down days: 133,639. Ratio: 1.68x
LOW VOLATILITY! Beta of -0.10 - stable stock, less market risk.

Algorithmic scorecard

The overall algorithmic scorecard for SHAILY reflects a technically strong but fundamentally mixed profile. The strongest signals include the bullish trend, with the 50-DMA above the 200-DMA, and the bullish sentiment over the last 30 days, where up days have seen significantly higher volume than down days. These indicators suggest underlying accumulation and positive market sentiment. On the weaker side, the negligible dividend yield of 0.07% offers little income for investors, and the breakdown below support levels indicates current market weakness. These factors highlight the stock’s potential for growth but also the risks associated with its current valuation and technical setup.

Fundamental & Technical AnalysisNSE: SHAILY
76Overall
76Fundamental
76Technical
Growth Quality28 / 30
Revenue CAGR: 17.5% (VERY GOOD, 13/15). Profit CAGR: 69.1% (EXCELLENT, 15/15).
Profit Margin6 / 10
GOOD EFFICIENCY! 17.3% profit margin - above average profitability.
PEG Valuation9 / 10
FAIRLY VALUED! PEG of 1.18 indicates reasonable valuation.
Dividend Yield3 / 10
NEGLIGIBLE DIVIDEND! 0.1% yield - little to no income.
Debt / Equity10 / 10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding10 / 20
SIGNIFICANT PUBLIC HOLDING! 35.23% public ownership - moderate retail influence.
Stability10 / 10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Moving Averages12 / 10
BULLISH TREND! 50-day average (3150.4) is above 200-day average (2547.4) - positive signal.
Price Position2 / 10
RECOVERY MODE! Current price (3107.2) above 200-day but below 50-day.
Trend Pattern10 / 20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance8 / 10
GOOD YEAR! Stock gained 30.0% in the last year.
Volume Sentiment30 / 30
BULLISH SENTIMENT! In last 30 days: 16 up days, 14 down days. Avg volume on up days: 224,357 vs down days: 133,639. Ratio: 1.68x
RSI3 / 5
NEUTRAL! RSI at 42.6 - balanced momentum.
52W Range4 / 5
UPPER HALF! Trading at 72.5% of 52W range - positive territory.
Momentum2 / 5
WEAK MOMENTUM! Limited price growth - -8.1% (1 week), -8.5% (1 month), 10.8% (3 months).
Beta / Volatility5 / 5
LOW VOLATILITY! Beta of -0.10 - stable stock, less market risk.

Company outlook

Management has outlined several forward-looking initiatives for Shaily Engineering Plastics. They are targeting 36 million pens production for FY27 and 35-40 million pens by the end of FY28. Margins are expected to remain sustainable and improve year-on-year. The UK and UAE operations will be combined for margin and growth perspectives. The board has approved raising up to INR 500 crores annually to maintain financial flexibility. Additionally, plans are in place to set up a plant in the south for consumer electronics with an initial capex of INR 100 crores. These initiatives indicate a focus on expanding production capacity and entering new markets, which could drive future growth.

Get all details on SHAILY — P&L, peers, shareholding and more on TradeAlone.

Basic Materials

Excel Industries Limited (excelindus) Achieves Silver Rating in Ecovadis Sustainability Assessment

Excel Industries Limited (EXCELINDUS) secures Silver Rating in EcoVadis Sustainability Assessment, placing among top 15% globally.

Reena Bhati - Tradealone

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Excel Industries Limited Excelindus Silver Ecovadis Rating

Excel Industries Limited (EXCELINDUS) has been awarded the Silver Rating in the EcoVadis Sustainability assessment, placing the company among the top 15% of businesses globally. This recognition highlights the strength of Excel’s sustainability management framework and the depth of evidence supporting its disclosures.

Sustainability Management Systems

The Silver rating recognises measurable progress across four areas: stronger sustainability management systems, deeper value chain engagement, improved environmental performance, and greater transparency in reporting. This achievement reflects the collective efforts of the Company’s employees and the continued integration of sustainability into its business practices.

Commitment to People, Planet, and Progress

Sustainability sits at the core of Excel’s operating philosophy, captured in its guiding principle of People, Planet and Progress and is embedded across its manufacturing sites, product development, and supply chain decisions. As we seek to expand our global footprint and our contract manufacturing presence, this rating will help establish us as a reliable supplier committed to sustainability, said Mr. Ravi A. Shroff, Managing Director, Excel Industries Limited.

Future Prospects

This achievement is expected to help in strengthening relations with existing customers and forging new relationships as the company seeks to expand its global footprint and presence in performance solutions and contract manufacturing.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Excel Industries Limited

Excel Industries Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

EXCELINDUS
Basic Materials › Specialty Chemicals
CONSOLIDATING DOWN
44
Fundamental
58
Technical
51
Overall

1W -2.9%
1M -2.7%
3M +3.96%
P/E: 17 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Excel posts a 3.6% three-month gain, but softens in the last few weeks. Thin margins at 6.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at 0.1% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 2.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 0.1% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Excel Industries Limited.

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Basic Materials

S H Kelkar and Company Limited (SHK) Mourns the Loss of Chairman Mr. Ramesh Vinayak Vaze

S H Kelkar and Company Limited (SHK) announces the passing of its Chairman, Mr. Ramesh Vinayak Vaze, who played a pivotal role in shaping SHK into India’s le.

Blogger Kapil Rohilla TradeAlone

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S H Kelkar and Company Limited SHK Chairman Death

S H Kelkar and Company Limited (SHK), the largest Indian origin Fragrance and Flavour Company in India, today announced with profound sadness the passing of its Chairman, Mr. Ramesh Vinayak Vaze, at the age of 85. Mr. Ramesh Vaze’s association with SHK spanned more than six decades. He joined the family business in 1961 and played an instrumental role in shaping its evolution from an Indian fragrance house into India’s largest India-origin fragrance and flavour company, with a significant presence across international markets.

A Pillar of the Industry

Over the years, Mr. Vaze served the Company in several leadership capacities, including as Managing Director. Since 2019, he has served as Non-Executive Chairman of the Board, continuing to guide the Company and mentor its leadership team. His emphasis on quality, innovation, and nurturing talent played an important role in shaping SHK into the institution it is today.

Visionary in Perfumery

A Master Perfumer with an exceptional understanding of fragrances, customers, and markets, Mr. Ramesh Vaze devoted much of his professional life to advancing the art and science of perfumery in India. His deep knowledge of the industry and instinctive understanding of consumer preferences played an important role in expanding SHK’s fragrance capabilities and building enduring relationships with customers in India and overseas.

As a result, SHK continues to uphold the values, humility, and legacy left behind by Mr. Vaze, guiding the company in the years ahead.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of S H Kelkar and Company Limited

S H Kelkar and Company Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

SHK
Basic Materials › Specialty Chemicals
CONSOLIDATING DOWN
56
Fundamental
62
Technical
60
Overall

1W -3.42%
1M -15.57%
3M -1%
P/E: 21.7 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

S posts a 10.3% three-month gain, but softens in the last few weeks. The PEG stands at 5.26 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 17.4% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 12.0% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of S H Kelkar and Company Limited.

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Basic Materials

Solar Industries India Limited (solarinds) Expands Global Footprint with Acquisition of South Africa’s Omnia

Solar Industries India Limited (NSE: SOLARINDS) announces acquisition of South Africa’s Omnia for 12,951 crores, expanding global footprint.

jyoti sharma

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Solar Industries India Limited Solarinds Acquisition of Omnia

Solar Industries India Limited (NSE: SOLARINDS) announced today the signing of definitive agreements for the acquisition of South Africa’s Omnia Holdings Limited for approximately 12,951 crores. This strategic move marks a significant expansion of Solar Group’s global footprint. The acquisition, proposed by Solar SA Investments Proprietary Limited, a wholly owned subsidiary of Solar Industries India Limited, will see the acquisition of all outstanding shares of Omnia in an all-cash transaction.

Strategic Rationale

The acquisition is expected to create a global platform for commercial explosives and blasting solutions. Solar Group has built a strong position in the global explosives industry through innovation, reliability, manufacturing excellence, and customer-centric solutions. The transaction marks a transformational milestone in Solar Group’s ambition to become a leading global explosives and mining solutions provider.

Enhanced Capabilities and Market Reach

Omnia’s mining business, operating under the BME brand, brings significant expertise in open-cast mining, bulk explosives, electronic detonation systems, digital blasting solutions, and mining chemicals. Omnia’s agriculture segment provides a platform that promotes sustainable agriculture and food security through a customer-centric approach. The acquisition is expected to drive commercial growth and operational efficiencies through technology innovation, broader customer coverage, enhanced supply chain resilience, and greater product and service integration.

Future Growth Prospects

The transaction is anticipated to become increasingly visible from FY2028, significantly boosting Solar Group’s revenue attributable to Africa’s mining market. The expanded footprint, strengthened industrial base, and broader customer access are expected to create significant value for shareholders, customers, employees, and all stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solar Industries India Limited

Solar Industries India Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

SOLARINDS
Basic Materials › Specialty Chemicals
APPROACHING SUPPORT
78
Fundamental
56
Technical
67
Overall

1W -15.89%
1M -5.92%
3M +4.23%
P/E: 87.3 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Solar gains 30.0% over three months and trades near its 52-week highs. The PEG reaches 3.35. The stock trades on brand and index weight, not on growth. Revenue grows at 12.4% and profits at 30.4% CAGR. The market consistently rewards this kind of compounding. RSI hits 75, a level that signals the stock runs hot. Notably, buyers drove volume on 16 recent sessions — though at these levels, some profit-taking is normal. The business grows revenue at 12.4% and profits at 30.4%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 3.35 premium is usually justified. Check Fundamentals of Solar Industries India Limited.

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