Morgan Stanley and Motilal Oswal have bought a large stake in this company; could you make a big profit on Monday?

News Topical, Digital Desk : Morgan Stanley on Friday bought 40,000 shares of Shaili Engineering Plastics worth Rs 10.34 crore through a block deal. These shares were bought through its subsidiary Morgan Stanley IFSC Fund at Rs 2,585.10 per share, which is 1% lower than Thursday's closing price. In the block deal, promoters Amit Mahendra Sanghvi and Laxman Sanghvi sold some of their stake in the company. While Amit Mahendra Sanghvi sold 1 lakh shares, Laxman Sanghvi sold 50,000 equity shares. The impact of this news may be seen on the stock market on Monday.

In addition to Morgan Stanley, Motilal Oswal  Mutual Fund also made a significant investment in Shelly Engineering Plastics. Motilal Oswal purchased 50,000 shares worth ₹12.93 crore.

Investors will keep an eye on the shares

Following this deal, investors will be watching its shares on Monday. The company has delivered a 147% return over the past year. In the second quarter, it reported a profit of ₹51 crore (a 134% increase year-over-year), and revenue of ₹259 crore.  

In recent block deals, institutional investors have bought stakes while promoters have reduced their stake. This transfer of shares from promoters to institutional investors could signal a change in the company's ownership structure.

Morgan Stanley's acquisition of shares worth ₹10.34 crore and Motilal Oswal's purchase of shares worth ₹12.93 crore indicate confidence in the company's prospects. Furthermore, the share sales by promoters Amit Mahendra Sanghvi and Laxman Sanghvi could be seen as profit booking given the stock's strong performance.

Investors and market analysts will want to keep a close eye on Shelly Engineering's future performance and any potential changes in business strategy following this change in shareholding pattern.

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