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Jain Irrigation Gains 5%; BSE CAPITAL GOODS Index Up 0.7%
Fri, 23 Aug 11:10

Jain Irrigation Gains 5%; BSE CAPITAL GOODS Index Up 0.7%Image source: StarLineArts/www.istockphoto.com

Jain Irrigation share price has zoomed 5% and is presently trading at Rs 70.0.

Meanwhile, the BSE CAPITAL GOODS index is at 73,696.6 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 3.9%) and GMR Infra (up 2.1%).

Graphite India (down 1.4%) and Carborundum Universal (down 0.8%) are among the top losers today.

Over the last one year, Jain Irrigation has moved up from Rs 58.2 to Rs 70.0, registering a gain of Rs 11.8 (up 20.2%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,641.7 to 73,696.6, registering a gain of 68.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 197.2%), HINDUSTAN AERO. (up 154.0%) and Bharat Electronics (up 138.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,123.0 (up 0.1%).

The top gainers among the BSE Sensex today are Tata Motors (up 1.7%) and M&M (up 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,842.6 (up 0.1%). Bajaj Auto and Tata Motors are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,216.1 to 81,123.0, registering a gain of 15,906.9 points (up 24.4%).

Jain Irrigation Financial Update...

Jain Irrigation net profit fell 66.7% YoY to Rs 128 million for the quarter ended June 2024, compared to a profit of Rs 385 million a year ago. Net sales declined 13.1% to Rs 14,779 million during the period as against Rs 17,010 million in April-June 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 72.1.


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