Jain Irrigation rises after FM proposed to allocate Rs 27,049 core to Ministry of Agriculture

28 Feb 2013

Finance Minister, P Chidambaram in its Union Budget 2013-14 proposed to allocate Rs 27,049 core to Ministry of Agriculture, which is 22% higher  on Y-oY.

Jain Irrigation Systems is currently trading at Rs. 63.00, up by 2.10 points or 3.45% from its previous closing of Rs. 60.90 on the BSE. The scrip opened at Rs. 62.75 and has touched a high and low of Rs. 64.15 and Rs. 61.35 respectively. So far 485282 shares were traded on the counter.

Monsanto India is currently trading at Rs 610.40, up by 5.55 points or 0.92% from its previous closing of Rs. 604.85 on the BSE. The scrip opened at Rs. 612.95 and has touched a high and low of Rs. 622.00 and Rs. 606.00 respectively. So far 580 shares were traded on the counter.

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.

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