Jain Irrigation Systems is currently trading at Rs. 102.60, up by 3.15 points or 3.17% from its previous closing of Rs. 99.45 on the BSE.
The scrip opened at Rs. 99.90 and has touched a high and low of Rs. 103.10 and Rs. 99.60 respectively. So far 341952 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. 59.90 on 29-Apr-2016.
Last one week high and low of the scrip stood at Rs. 104.90 and Rs. 98.35 respectively. The current market cap of the company is Rs. 4633.87 crore.
The promoters holding in the company stood at 30.75%, while institutions and non-institutions held 47.99% and 21.26% respectively.
Jain Irrigation Systems (JISL) through its multi generation Wholly Owned Subsidiary in United States of America (USA) agreed to acquire 80% stake in two US entities. Two of the United States' largest micro-irrigation dealers - Agri-Valley Irrigation (AVI) and Irrigation Design and Construction (IDC), have entered into an agreement to merge ownership of their businesses into a newly formed distribution company. The new organization is an un-paralleled leader in design, construction, service and innovative Ag Technology. This entity will provide a unique platform to help growers implement state-of-the-art irrigation technology and achieve ‘More Crop Per Dropm’. AVI and IDC have been long tenured stable companies with operations in United States of America.
This is a key strategic investment by JISL into one of the largest irrigation markets in the world. JISL already has a presence in U.S. micro irrigation market through its wholly owned subsidiary Jain Irrigation (JII), which is headquartered in Fresno, California.
Company Name | CMP |
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Supreme Industries | 5740.20 |
Astral | 2155.95 |
Finolex Inds | 350.45 |
EPL | 183.90 |
Jain Irrigation Sys | 67.26 |
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