JAIN IRRIGATION Share Price Up by 5%; BSE CAPITAL GOODS Index Down 0.6%
March 4, 2021 09:36 AM

JAIN IRRIGATION share price has zoomed 5% and is presently trading at Rs 24.

Meanwhile, the BSE CAPITAL GOODS Index is at 22,224 (down 0.6%).

Among the top Gainers in the BSE CAPITAL GOODS Index today is JAIN IRRIGATION (up 5.4%).

FINOLEX CABLES and SCHAEFFLER INDIA (down 0.1%) are among the top losers today.

Over the last one year, JAIN IRRIGATION has moved up from Rs 5 to Rs 24, registering a gain of Rs 18 (up 360.5%).

On the other hand, the BSE CAPITAL GOODS has moved up from 15,292 to 22,224, registering a gain of 6,932 points (up 45.1%) during the last 12 months.

The top buzzing stocks among the BSE CAPITAL GOODS Index stocks during this same period were GRAPHITE INDIA (up 113.9%), BHARAT ELECTRONICS (up 109.1%) and LAKSHMI MACHINE (up 103.4%).

What About the Benchmark Indices?

The BSE Sensex is at 50,957 (down 1.1%).

The top gainers among the BSE Sensex stocks today are ONGC (up 2.6%), INFOSYS (up 1.0%) and SUN PHARMA (up 0.3%). The most traded stocks in the BSE Sensex are INFOSYS and SUN PHARMA.

In the meantime, NSE Nifty is at 15,101 (down 1.3%). The top gainers in the NSE Nifty include ADANI PORTS & SEZ (up 2.1%), ONGC (up 1.6%) and BPCL (up 1.2%). Other gainers include TECH MAHINDRA (up 0.6%) and INFOSYS (up 0.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 38,144 to 50,957, registering a gain of 12,813 points (up 33.39%).

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 3.4x.