JAIN IRRIGATION Share Price Up by 8%; BSE CAPITAL GOODS Index Up 1.1%

Tue, 2 Mar 02:11 PM

JAIN IRRIGATION share price has zoomed 8% and is presently trading at Rs 20.

Meanwhile, the BSE CAPITAL GOODS Index is at 22,167 (up 1.1%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are JAIN IRRIGATION (up 8.2%) and NBCC (INDIA) (up 6.0%).

CARBORUNDUM UNIVERSAL (down 1.4%) and GRAPHITE INDIA (down 2.0%) are among the top losers today.

Over the last one year, JAIN IRRIGATION has moved up from Rs 6 to Rs 20, registering a gain of Rs 14 (up 237.9%).

On the other hand, the BSE CAPITAL GOODS has moved up from 15,921 to 22,167, registering a gain of 6,246 points (up 38.7%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were LAKSHMI MACHINE (up 98.7%), BHARAT ELECTRONICS (up 87.9%) and GRAPHITE INDIA (up 84.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 50,425 (up 0.4%).

The top gainers among the BSE Sensex stocks today are M&M (up 5.7%), BAJAJ AUTO (up 3.8%) and NTPC (up 3.8%). Other gainers include MARUTI SUZUKI (up 2.5%) and TECH MAHINDRA (up 2.2%). The most traded stocks in the BSE Sensex are NTPC and ITC.

In the meantime, NSE Nifty is at 14,934 (up 0.6%). The top gainers in the NSE Nifty include M&M (up 5.7%), TATA MOTORS (up 5.3%) and NTPC (up 3.8%). Other gainers include BAJAJ AUTO (up 3.8%) and WIPRO (up 3.8%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 39,889 to 50,425, registering a gain of 10,536 points (up 25.47%).

JAIN IRRIGATION Financial Update...

JAIN IRRIGATION net profit down at Rs 3 billion for the quarter ended December 2019, compared to a loss of Rs 911 million a year ago. Net Sales declined 36.2% to Rs 13.0 billion during the period as against Rs 20.4 billion in October-December 2018.

For the year ended March 2019, JAIN IRRIGATION reported 14.9% increase in net profit to Rs 2.5 billion compared to net profit of Rs 2.2 billion during FY18.

Revenue of the company grew 8.6% to Rs 86 billion during FY19.

The current Price to earnings ratio of JAIN IRRIGATION, based on rolling 12 month earnings, stands at down 2.9x.

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