Sunday , October 24 2021

Signet Industries gains on bagging orders worth Rs 190 crore

Signet Industries is currently trading at Rs. 29.10, up by 0.30 points or 1.04% from its previous closing of Rs. 28.80 on the BSE.

The scrip opened at Rs. 33.75 and has touched a high and low of Rs. 33.75 and Rs. 27.90 respectively. So far 34230 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 75.00 on 09-Aug-2018 and a 52 week low of Rs. 27.60 on 20-Jun-2019.

Last one week high and low of the scrip stood at Rs. 29.70 and Rs. 27.60 respectively. The current market cap of the company is Rs. 86.10 crore.

The promoters holding in the company stood at 71.00%, while Non-Institutions held 29.00% stake in the company.

Signet Industries has received orders worth Rs 190 crore recently from L&T, Tata Projects and GA Infra. These orders are for high pressure pipelines and uPVC pipelines to be used in various infrastructure projects in the States of Madhya Pradesh, and Rajasthan. Supplies for some orders have started and the company shall complete the orders well within contracted time period.

Signet Industries is engaged in manufacturing of plastic products and whole sale trade of chemicals & plastic materials.

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