{"id":104052,"date":"2023-06-13T17:21:01","date_gmt":"2023-06-13T11:51:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104052"},"modified":"2023-06-13T17:22:26","modified_gmt":"2023-06-13T11:52:26","slug":"penny-stock-hits-the-20-upper-circuit-after-receiving-orders-worth-120-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-the-20-upper-circuit-after-receiving-orders-worth-120-cr\/","title":{"rendered":"Penny Stock hits the 20% upper circuit after receiving orders worth \u20b9 120 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2751313939\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Signet Industries hit the 20% upper circuit on the bourses to reach a fresh 52-week high of \u20b952.20 apiece on the National Stock Exchange (NSE).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-699602631\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to an exchange filing, the company recently received orders worth approximately \u20b9 120 crores from various EPC contractors. These orders are for pipes in water supply projects in the states including Madhya Pradesh, Uttar Pradesh, Orissa, Rajasthan and Maharashtra. The company said that these orders will play a vital role and will add one more milestone in its growth.&nbsp;<\/p><p>Signet Industries is engaged in three businesses: manufacturing, wind power units and trading. It manufactures irrigation pipes and plastic products and is involved in merchant trading of various products. Moreover, its wind power unit segment includes wind turbine power units.&nbsp;<\/p><p>With a market capitalization of \u20b9 128 crores and a share price of \u20b9 52.20, Signet Industries is a penny stock. It has a low return on equity of 6.50% and a high debt-to-equity ratio of 1.50. However, it has a dividend yield of 1.15%. The company\u2019s promoters hold a 72.57% stake in the company and retail investors hold a 27.43% stake in it.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2992371287\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It is important to note that penny stocks are extremely risky investments. They may be subject to pump-and-dump schemes and may be significantly illiquid as compared to other stocks. Therefore investors should thoroughly analyze them before investing in them.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-908171505\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Signet Industries hit the 20% upper circuit on the bourses to reach a fresh 52-week high of \u20b952.20 apiece on the National Stock Exchange (NSE).&nbsp; According to an exchange filing, the company recently received orders worth approximately \u20b9 120 crores from various EPC contractors. These orders are for pipes in water supply projects [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5279,8071,3554,5532,6731,6137,5533,936,3153,6126,6127,2597,4787],"class_list":["post-104052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-20-upper-circuit","tag-20-upper-circuit-stock","tag-penny-stocks","tag-penny-stocks-to-buy","tag-penny-stocks-to-buy-in-2023","tag-penny-stocks-to-buy-now","tag-penny-stocks-to-watch","tag-stock-market-news","tag-stock-to-buy","tag-stocks-that-hit-20-upper-circuit","tag-stocks-that-hit-20-upper-circuit-today","tag-stocks-to-watch","tag-upper-circuit-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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