Shaily Engineering block deal: Promoters take profits in mutibagger smallcap. Morgan Stanley, Motilal sniff opportunity

Morgan Stanley acquired 40,000 shares in Shaily Engineering Plastics through block deals. Promoters Amit Mahendra Sanghvi and Laxman Sanghvi sold some of their holdings. Motilal Oswal Mutual Fund and S I Investments Broking Pvt Ltd were also buyers. Shaily Engineering Plastics, a multibagger, reported strong Q2 results with a 134% jump in net profit and 34% revenue growth.