Jain Irrigation Systems is currently trading at Rs. 93.05, up by 0.45 points or 0.49% from its previous closing of Rs. 92.60 on the BSE.
The scrip opened at Rs. 92.60 and has touched a high and low of Rs. 93.50 and Rs. 92.60 respectively. So far 77509 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. 54.15 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 96.50 and Rs. 92.25 respectively. The current market cap of the company is Rs. 4284.15 crore.
The promoters holding in the company stood at 30.75%, while Institutions and Non-Institutions held 48.12% and 21.13% respectively.
Jain Irrigation Systems is planning to raise up to $75 million through foreign currency convertible bonds (FCCBs) mainly for redemption of existing bonds. The board of company at its meeting held on February 25, 2017 has approved for the same.
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.