Jain Irrigation Systems rises on the bourses

12 Mar 2012

Jain Irrigation Systems is currently trading at Rs. 104.05, up by 0.45 points or 0.43% from its previous closing of Rs. 103.60 on the BSE.

The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 105.90 and Rs. 102.00 respectively. So far 191301 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 193.50 on 16-Mar-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. 105.90 and Rs. 96.90 respectively. The current market cap of the company is Rs. 4217.93 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 has organized a unique one-day international conference on ‘Building Shared Value in Agribusiness’ along with Enterprise Solutions to Poverty (ESP), USA, on February 12, 2012. The management experts will deliver keynote addresses at the conference. More than 80 agribusiness and banking leaders as well as small farmers in India are expected to participate in the symposium.

The conference will take stock of the asset base and existing stages to chalk out course of action to tackle slow growth and low-productivity with small farmers in India. It would focus on capability of private sector to build profitable, inclusive agribusiness, emphasizing the need to do much more with existing land, water and farmers. The conference will deliberate on key areas where the private sector can play a major pro-active role.

Jain Irrigation is a diversified company with a market capitalization of Rs 7,500 crore approx. Jain’s product portfolio includes Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. It also has a growing presence in the renewable energy segment and is the largest player in applications of solar energy in agriculture and rural areas.

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