Signet Industries soars on installing additional annual capacity of 6,000 MTs

09 Jul 2013

Signet Industries is currently trading at Rs. 308.00, up by 3.80 points or 1.25% from its previous closing of Rs. 304.20 on the BSE.

The scrip opened at Rs. 305.00 and has touched a high and low of Rs. 308.00 and Rs. 304.00 respectively. So far 8,951 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 328.90 on 01-Jul-2013 and a 52 week low of Rs. 120.00 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 309.90 and Rs. 285.50 respectively. The current market cap of the company is Rs. 898 crore.

The promoters holding in the company stood at 73.36% while Institutions and Non-Institutions held NA% and 26.64% respectively.

Signet Industries has successfully installed additional annual capacity of 6,000 MTs for production of PVC pipes used in irrigation as well as infrastructure sector. Further, the Company plans to install additional annual capacity of 10,000 MTs for production of PVC pipes by August, 2013. The likely annualized impact on company's turnover shall be Rs 75 crores to 100 crores.

Signet Industries is engaged in the manufacture, trade, and export of poly products in India. It distributes HDPE, LDPE, PVC, PP, and PET resins. The company also involves in the manufacture of various plastic products; and the distribution of chemical products, including food chemicals, phosphate, and paints.

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Signet Industries Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719