signet Industries trades jubilantly on bagging orders worth Rs 120 crore
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Signet Industries is currently trading at Rs. 50.25, up by 6.84 points or 15.76% from its previous closing of Rs. 43.41 on the BSE.
The scrip opened at Rs. 43.55 and has touched a high and low of Rs. 52.09 and Rs. 43.55 respectively. So far 255400 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.09 on 13-Jun-20223 and a 52 week low of Rs. 30.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 52.09 and Rs. 42.73 respectively. The current market cap of the company is Rs. 129.23 crore.
The promoters holding in the company stood at 72.57%, while Non-Institutions held 27.43% stake in the company.
Signet Industries has received orders of around Rs 120 crore recently from various EPC contractors. These orders are for Pipes in Water Supply projects in the state of Madhya Pradesh, Uttar Pradesh, Orissa, Rajasthan, Maharashtra etc. Supplies for these orders will play a very vital role and added one more milestone in the growth of the Company.
Signet Industries is engaged in Merchant Trading of All Kind of Polymers & Other Products and Manufacturing of Micro Irrigation System (DRIP), Sprinkler Pipe / PVC Pipe & Agro fittings and its Allied Products, all type of House Hold & Plastic Moulded Furniture.
