Jain Irrigation Systems rise on reporting three fold jump in Q2 net profit

12 Nov 2012 Evaluate

Jain Irrigation Systems is currently trading at Rs. 65.60, up by 0.10 points or 0.15% from its previous closing of Rs. 65.40 on the BSE.

The scrip opened at Rs. 65.75 and has touched a high and low of Rs. 66.10 and Rs. 65.00 respectively. So far 1, 05,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 126.50 on 23-Nov-2011 and a 52 week low of Rs. 59.50 on 07-Sep-2012.

Last one week high and low of the scrip stood at Rs. 69.20 and Rs. 65.00 respectively. The current market cap of the company is Rs. 2,911 crore.

The promoters holding in the company stood at 31.00% while Institutions and Non-Institutions held 47.03% and 21.72% respectively.

The company has reported over three fold jump in its net profit at Rs 36.25 crore for the quarter ended September 30, 2012 as compared to Rs 11.57 crore for the same quarter in the previous year. Total income of the company has decreased by 20.73% at Rs 616.93 crore for quarter under review as compared to Rs 778.25 crore for the quarter ended September 30, 2011.

Jain Irrigation is a farmer-centric company and micro irrigation has been its mainstay since the mid-1980s. The company has pioneered a green revolution through micro-irrigation technology, which comprises mainly of drip and sprinkle systems.

Jain Irrigation Sys Share Price

33.65 -0.65 (-1.90%)
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