Friday 4th Dec-09
Signet Overseas was locked at 5% upper limit at Rs 44.25 at 12:06 IST on BSE, after the company fixed 14 December 2009 as the record date for a 2:1 bonus issue.
The company announced the record date after market hours on Thursday, 3 December 2009. This is a maiden bonus from Signet Overseas.
Meanwhile, the BSE Sensex was up 84.63 points, or 0.49%, to 17,262.17.
On BSE, ten shares were traded in the counter as against an average daily volume of one share in the past one quarter.
The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained locked at the 5% level so far in the day. The stock had hit a 52-week high of Rs 50 on 29 January 2009 and an all time low of Rs 2.15 on 29 January 2009.
The company's equity capital is Rs 1.62 crore. Face value per share is Rs 10.
The current price of Rs 44.25 discounts the company's year ended March 2009 annualized EPS of Rs 12.59, by a PE multiple of 3.51.
Signet Overseas' net profit galloped 1076.5% to Rs 6 crore on 25.3% rise in net sales to Rs 80.42 crore in Q2 September 2009 over Q2 September 2008.
The company provides various kinds of sacks such as liner bags, valved bags, gussetted bags, hemmed bags, inside coated, box bags, bale wraps, mail bag, envelop bags, rubble sacks sand bags, zig zag mouthed, resin bags, paper-PE sandwich bags.
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