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Jain Irrigation trades in jubilant mood on the bourses

14 Feb 2012

Jain Irrigation is currently trading at Rs. 100.45, up by 4.70 points or 4.91% from its previous closing of Rs. 95.75 on the BSE.

The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 102.00 and Rs. 95.00 respectively. So far 1692794 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.60 on 17-Feb-2011 and a 52 week low of Rs. 74.60 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 95.00 respectively. The current market cap of the company is Rs. 4037.62 crore.

The promoters holding in the company stood at 30.35% while Institutions and Non-Institutions held 56.39% and 12.87% respectively.

Jain Irrigation Systems, the world’s second-largest drip irrigation firm, has reported a fall of 98% in its net profit to Rs 1.24 crore for the third quarter ended December, due to foreign exchange loss. The company had posted net profit of Rs 71.47 crore in the October-December quarter in 2010-11.

However, net sales of the company grew 18% to Rs 816.35, as against Rs 693.26 crore in Q3, 2010-11. The total income rose 13.15% to Rs 832.98 crore, as against Rs 736.11 crore.

The company manufactures drip and sprinkler irrigation systems, besides agro-processed products like dehydrated vegetables and fruits.

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Jain Irrigation Sys Share Price

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SEBI Registered: Investment Adviser - INA000013323