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Jain Irrigation Systems is currently trading at Rs. 102.35, up by 2.85 points or 2.86% from its previous closing of Rs. 99.50 on the BSE.
The scrip opened at Rs. 100.90 and has touched a high and low of Rs. 103.00 and Rs. 100.05 respectively. So far 399690 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.25 on 30-Oct-2016 and a 52 week low of Rs. 47.00 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 103.30 and Rs. 87.00 respectively. The current market cap of the company is Rs. 4700.60 crore.
The promoters holding in the company stood at 30.70%, while institutions and non-institutions held 45.81% and 23.33% respectively.
Jain Irrigation Systems has reported net profit of Rs 4.69 crore for the quarter under review as compared to a net loss of Rs 5.68 crore for the same quarter in the previous year. However, total income of the company decreased by 14.58% at Rs 748.65 crore for the quarter under review as compared Rs 876.47 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit after taxes, Minority Interest & Share of Profit / (Loss) of Associates at Rs 28.05 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 5.42 crore for the same quarter in the previous year. Total Income of the company has increased by 8.58% to Rs 1479.10 crore for quarter under review from Rs 1362.16 crore for the quarter ended September 30, 2015.
In terms of the approval of the Board of Directors of the Company dated August 24, 2015, Shareholders' approval by way of postal ballot and pursuant the Business Transfer Agreement dated February 19, 2016 of any supplement or modification thereto, Jain Irrigation Systems Limited had sold the Indian Food Business to Jain Farm Fresh Foods (JFFFL) with effect from close of business hours on March 31, 2016 on slump sale basis as a going concern. Pursuant to the slump sale, the entire assets (whether movable or immovable, real or personal, corporeal or incorporeal, tangible or intangible, business and commercial rights, track record, employees etc.) and licenses, permits, certifications, liabilities of the Indian Food Business located in India are sold to JFFFL. Hence the standalone financials are not comparable.
| Company Name | CMP |
|---|---|
| Supreme Industries | 5346.65 |
| Astral | 2211.50 |
| Finolex Inds | 307.00 |
| EPL | 188.30 |
| Jain Irrigation Sys | 67.45 |
| View more.. | |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
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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