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Jain Irrigation Gains 12%; BSE CAPITAL GOODS Index Up 0.5%
Wed, 30 Oct 9:55

Jain Irrigation Gains 12%; BSE CAPITAL GOODS Index Up 0.5%Image source: asbe/www.istockphoto.com

Jain Irrigation share price has zoomed 12% and is presently trading at Rs 60.0.

Meanwhile, the BSE CAPITAL GOODS index is at 67,621.0 (up 0.5%).

Among the top gainers in the BSE CAPITAL GOODS index today are GRINDWELL NORTON (up 2.6%) and Bharat Electronics (up 2.6%).

Honeywell Automation (down 7.7%) and V GUARD IND. (down 2.4%) are among the top losers today.

Over the last one year, Jain Irrigation has moved up from Rs 54.7 to Rs 60.0, registering a gain of Rs 5.3 (up 9.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 67,621.0, registering a gain of 47.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 133.2%), Bharat Electronics (up 120.5%) and Siemens (up 101.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,072.0 (down 0.4%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.5%) and ICICI Bank (down 1.5%). The most traded stocks in the BSE Sensex are Tata Motors and Power Grid Corp..

In the meantime, NSE Nifty is at 24,374.8 (down 0.4%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,072.0, registering a gain of 15,959.3 points (up 24.9%).

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 109.0.


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