India's Signet Industries hits near 16-month high on new orders

Signet Industries

13/06/2023 05:53

** Shares of Signet Industries Ltd  SIGN.NS  jump as much as
~19% to 51.75 rupees, their highest since Feb 16, 2022
    ** Stock gains after the irrigation and plastic products
maker said it got various orders worth 1.20 bln rupees ($14.55
mln) from EPC contractors
    ** Order is for pipes in water supply projects in several
states in India
    ** About 318,254 shares change hands, 4.5x the 30-day avg -
Refinitiv Data
    ** If trend holds, stock on track to advance for a second
consecutive session
    ** Stock up ~15% YTD, as of last close

    ($1 = 82.4600 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))