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Jain Irrigation Systems is currently trading at Rs. 65.15, up by 8.35 points or 14.70% from its previous closing of Rs. 56.80 on the BSE.
The scrip opened at Rs. 61.50 and has touched a high and low of Rs. 66.85 and Rs. 60.25 respectively. So far 1804503 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 133.45 on 08-Jul-2014 and a 52 week low of Rs. 55.30 on 13-May-2015.
Last one week high and low of the scrip stood at Rs. 66.85 and Rs. 55.30 respectively. The current market cap of the company is Rs. 2875.85 crore.
The promoters holding in the company stood at 28.69% while Institutions and Non-Institutions held 41.92% and 29.27% respectively.
Jain Irrigation System is eyeing to sell a 25-30 percent stake in its food processing business and the company is expecting to complete the sale by September this year. The company is also targeting capital expenditure of Rs 150 crore this year.
The company has reduced its overall debt by Rs 360 crore during the March quarter, and aims to reduce it by another Rs 300 crore this year. The company’s pipes business grew 30 percent last year, and the company expects growth to be in double digits - at least 20 percent - even if monsoon is below par.
Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.
| Company Name | CMP |
|---|---|
| Supreme Industries | 5637.55 |
| Astral | 2140.10 |
| Finolex Inds | 306.50 |
| EPL | 189.95 |
| Jain Irrigation Sys | 60.90 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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