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Jain Irrigation Gains 8%; BSE CAPITAL GOODS Index Up 0.1%
Thu, 20 Jun 13:17

Jain Irrigation share price has zoomed 8% and is presently trading at Rs 82.7.

Meanwhile, the BSE CAPITAL GOODS index is at 72,250.2 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Forge (up 2.8%) and Honeywell Automation (up 1.4%).

BHEL (down 1.3%) and AIA Engineering (down 1.2%) are among the top losers today.

Over the last one year, Jain Irrigation has moved up from Rs 42.2 to Rs 82.7, registering a gain of Rs 40.5 (up 96.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,820.2 to 72,250.2, registering a gain of 81.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.4%), HINDUSTAN AERO. (up 173.5%) and Bharat Electronics (up 149.8%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,449.1 (up 0.1%).

The top gainers among the BSE Sensex today are JSW Steel (up 2.2%) and Reliance Ind. (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,552.5 (up 0.2%). Hindalco and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,168.3 to 77,449.1, registering a gain of 14,280.8 points (up 22.6%).

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 61.1.

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