Shaily Engineering hits record high on stake hike by HDFC Small Cap Fund

The stock hit a record high of Rs 1,510, up 8%, extending its Wednesday's 6% gain after HDFC Small Cap Fund purchased 99,134 shares via open market.

Shaily Engineering Plastics hit a record high of Rs 1,510, up 8%, extending its Wednesday’s 6% gain on the BSE after HDFC Mutual Fund increased its stake in plastic products company by more than one percentage points through open market.

On April 25, 2018, HDFC Small Cap Fund had purchased 99,134 equity shares representing 1.2% stake in Shaily Engineering Plastics at price of Rs 1,300 per share, the BSE bulk deal data shows.

The name of the sellers not ascertained immediately.

As of March 2018, HDFC Small Cap Fund held 372,756 shares or 4.48% stake in Shaily