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Jain Irrigation Plunges 4%; BSE CAPITAL GOODS Index Down 1.2%
Thu, 1 Aug 15:46

Jain Irrigation Plunges 4%; BSE CAPITAL GOODS Index Down 1.2%Image source: Nikada/www.istockphoto.com

Jain Irrigation share price has plunged 4% and is presently trading at Rs 69.8.

Meanwhile, the BSE CAPITAL GOODS index is at 74,751.2 (down 1.2%).

Among the top losers in the BSE CAPITAL GOODS index today are Lakshmi Machine (down 2.7%) and HINDUSTAN AERO. (down 2.2%).

ADANI GREEN ENERGY (up 3.3%) and Thermax (up 2.3%) are among the top gainers today.

Over the last one year, Jain Irrigation has moved up from Rs 44.3 to Rs 69.8, registering a gain of Rs 25.6 (up 57.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 44,045.9 to 74,751.2, registering a gain of 69.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 196.4%), HINDUSTAN AERO. (up 143.0%) and Bharat Electronics (up 138.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,867.6 (up 0.2%).

The top gainers among the BSE Sensex today are Power Grid Corp. (up 3.8%) and HDFC Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..

In the meantime, NSE Nifty is at 25,006.0 (up 0.2%). Power Grid Corp. and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,527.7 to 81,867.6, registering a gain of 15,339.9 points (up 23.1%).

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 71.9.


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