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Jain Irrigation Gains 5%; BSE CAPITAL GOODS Index Up 0.6%
Tue, 9 Jul 9:59

Jain Irrigation Gains 5%; BSE CAPITAL GOODS Index Up 0.6%Image source: Kameleon007 /www.istockphoto.com

Jain Irrigation share price has zoomed 5% and is presently trading at Rs 74.9.

Meanwhile, the BSE CAPITAL GOODS index is at 76,103.3 (up 0.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are Carborundum Universal (up 2.5%) and ADANI GREEN ENERGY (up 2.1%).

SCHAEFFLER INDIA (down 1.9%) and SKF India (down 0.8%) are among the top losers today.

Over the last one year, Jain Irrigation has moved up from Rs 40.4 to Rs 74.9, registering a gain of Rs 34.5 (up 85.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,720.4 to 76,103.3, registering a gain of 86.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 259.1%), HINDUSTAN AERO. (up 202.4%) and Bharat Electronics (up 177.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,120.6 (up 0.2%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 4.4%) and MUNDRA PORT & SEZ (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,362.4 (up 0.2%). Maruti Suzuki and MUNDRA PORT & SEZ are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,446.0 to 80,120.6, registering a gain of 14,674.6 points (up 22.4%).

Jain Irrigation Financial Update...

Jain Irrigation net profit grew 139.0% YoY to Rs 377 million for the quarter ended March 2024, compared to a loss of Rs 967 million a year ago. Net sales declined 1.1% to Rs 17,266 million during the period as against Rs 17,454 million in January-March 2023.

For the year ended March 2023, Jain Irrigation reported 190.2% decrease in net profit to Rs -1,208 million compared to net profit of Rs 1,339 million during FY22. Revenue of the company grew 21.4% to Rs 57,476 million during FY23.

The current Price to earnings ratio of Jain Irrigation, based on rolling 12 month earnings, stands at 55.3.


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