June 20, 2019 09:24 AM

JAIN IRRIGATION share price has plunged 12% and is presently trading at Rs 18.

Meanwhile, the BSE CAPITAL GOODS Index is at 19,334 (up 0.1%).

Among the top losers in the BSE CAPITAL GOODS Index today is JAIN IRRIGATION (down 11.9%).

THERMAX (up 1.1%) and L&T (up 0.7%) are among the top gainers today.

Over the last one year, JAIN IRRIGATION has moved down from Rs 95 to Rs 18, registering a loss of Rs 77 (down 80.6%)..

The BSE CAPITAL GOODS has moved up from 18,017 to 19,334, registering a gain of 1,317 points (up 7.3%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 44.4%), HONEYWELL AUTOMATION (up 35.4%) and ABB INDIA (up 27.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,051 (down 0.2%). The top gainers among the BSE Sensex stocks today are ONGC (up 1.0%). The most traded stocks in the BSE Sensex are VEDANTA LTD and ONGC.

In the meantime, NSE Nifty is at 11,672 (down 0.4%). INDIABULLS HOU. FIN. (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,287 to 39,051, registering a gain of 3,764 points (up 10.6%).

JAIN IRRIGATION Financial Update...

JAIN IRRIGATION net profit down at Rs 555 million for the quarter ended March 2019, compared to a loss of Rs 911 million a year ago. Net Sales rose 26.8% to Rs 25.8 billion during the period as against Rs 20.4 billion in January-March 2018.

For the year ended March 2018, JAIN IRRIGATION reported 25.6% increase in net profit to Rs 2.2 billion compared to net profit of Rs 1.8 billion during FY17.

Revenue of the company grew 15.3% to Rs 80 billion during FY18.

The current Price to earnings ratio of JAIN IRRIGATION, based on rolling 12 month earnings, stands at 3.4x.