Jain Irrigation Systems is currently trading at Rs. 62.60, up by 1.35 points or 2.20% from its previous closing of Rs. 61.25 on the BSE.
The scrip opened at Rs. 61.90 and has touched a high and low of Rs. 63.40 and Rs. 60.65 respectively. So far 458523 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 79.00 on 23-Jul-2015 and a 52 week low of Rs. 50.55 on 25-Aug-2015.
Last one week high and low of the scrip stood at Rs. 65.60 and Rs. 60.10 respectively. The current market cap of the company is Rs. 2767.28 crore.
The promoters holding in the company stood at 28.69% while Institutions and Non-Institutions held 40.14% and 31.01% respectively.
The Andhra Pradesh government has allotted over 623 acres of land to Jain Irrigation Systems for setting up an integrated agriculture and horticulture park at Thangadancha Village, Jupadu Bangalow Mandal, Kurnool district on lease basis for 99 years. The market value of the land is Rs 4.5 lakh per acre and the total cost of the land is Rs 28 crore.
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.