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Jain Irrigation Gains 4%; BSE CAPITAL GOODS Index Up 0.9%
Wed, 27 Nov 9:56

Jain Irrigation Gains 4%; BSE CAPITAL GOODS Index Up 0.9%Image source: DNY59/www.istockphoto.com

Jain Irrigation share price has zoomed 4% and is presently trading at Rs 73.9.

Meanwhile, the BSE CAPITAL GOODS index is at 70,167.4 (up 0.9%).

Among the top gainers in the BSE CAPITAL GOODS index today are Siemens (up 4.0%) and Lakshmi Machine (up 2.4%).

Thermax (down 1.1%) and V GUARD IND. (down 0.4%) are among the top losers today.

Over the last one year, Jain Irrigation has moved up from Rs 70.2 to Rs 73.9, registering a gain of Rs 3.7 (up 5.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,868.6 to 70,167.4, registering a gain of 43.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 115.1%), Siemens (up 106.8%) and HINDUSTAN AERO. (up 93.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,017.3 .

The top gainers among the BSE Sensex today are NTPC (up 1.2%) and M&M (up 1.1%). The most traded stocks in the BSE Sensex are NTPC and Tata Steel.

In the meantime, NSE Nifty is at 24,222.7 (up 0.1%). Bharat Electronics and Adani Enterprises are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 80,017.3, registering a gain of 13,843.1 points (up 20.9%).

Jain Irrigation Financial Update...

Jain Irrigation net profit fell 226.4% YoY to Rs -157 million for the quarter ended September 2024, compared to a profit of Rs 124 million a year ago. Net sales declined 12.5% to Rs 11,920 million during the period as against Rs 13,619 million in July-September 2023.

For the year ended March 2024, Jain Irrigation reported 175.4% increase in net profit to Rs 910 million compared to net loss of Rs 1,208 million during FY23. Revenue of the company grew 7.0% to Rs 61,473 million during FY24.

The current Price to earnings ratio of Jain Irrigation, based on rolling 12 month earnings, stands at 134.1.


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