Signet Industries gains over 3 per cent on winning orders

Signet Industries has received orders worth Rs 130 crore recently from various companies. 

L&T, Shapoorji Pallonji and Company, Future Infrastructure & Development, Megha Engineering & Infrastructures, NCC are among the companies that have awarded Signet with their respective projects.  

These orders are for high pressure pipelines to be used in various infrastructure projects in the states of Madhya Pradesh, Rajasthan and Orissa. The supplies for these orders have started and the company expects to execute the orders within contracted time period.  

Signet Industries is engaged in manufacturing of plastic products and wholesale trade of chemicals and plastic materials.  

On Tuesday, the stock of Signet Industries opened at Rs. 42.80 as against Monday’s close of Rs 39.55. At 15:16 hours, the shares were trading at Rs. 40.85, gaining 3.29 per cent on the BSE. The stock's intra-day high was Rs. 42.80 and the intraday low was Rs. 40 on the BSE. Its 52-week high was Rs. 89 and 52-week low was Rs. 30.10 on the BSE.