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Jain Irrigation Systems is currently trading at Rs. 54.00, up by 1.20 points or 2.27% from its previous closing of Rs. 52.80 on the BSE.
The scrip opened at Rs. 53.95 and has touched a high and low of Rs. 55.55 and Rs. 50.95 respectively. So far 246002 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 97.00 on 03-Sep-2014 and a 52 week low of Rs. 50.95 on 24-Aug-2015.
Last one week high and low of the scrip stood at Rs. 66.80 and Rs. 50.59 respectively. The current market cap of the company is Rs. 2295.36 crore.
The promoters holding in the company stood at 28.69% while Institutions and Non-Institutions held 43.51% and 27.67% respectively.
Jain Irrigation Systems has received an approval for sale of its food business by way of slump sale to Jain Farm Fresh Foods, an effective wholly owned subsidiary (WOS) of the company to create strategic focus on fast growing food business and consequent value creation opportunities. The board of directors at their meeting held on August 24, 2015 has approved for the same.
The food business of the company comprises of food manufacturing units at Jalgaon (Maharashtra), Vadodara (Gujarat) and Chittoor (Andhra Pradesh) besides the indirect subsidiaries carrying on food business activities namely - SQF2009 UK and Cascade Specialities Inc, USA.
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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