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Jain Irrigation Gains 5%; BSE CAPITAL GOODS Index Down 0.4%
Thu, 7 Nov 14:28

Jain Irrigation Gains 5%; BSE CAPITAL GOODS Index Down 0.4%Image source: phive2015/www.istockphoto.com

Jain Irrigation share price has zoomed 5% and is presently trading at Rs 70.6.

Meanwhile, the BSE CAPITAL GOODS index is at 70,220.0 (down 0.4%).

Among the top gainers in the BSE CAPITAL GOODS index today are HINDUSTAN AERO. (up 1.1%) and Finolex Cables (up 0.6%).

ADANI GREEN ENERGY (down 3.5%) and ABB (down 2.5%) are among the top losers today.

Over the last one year, Jain Irrigation has moved up from Rs 59.0 to Rs 70.6, registering a gain of Rs 11.6 (up 19.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 70,220.0, registering a gain of 49.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.9%), Bharat Electronics (up 117.6%) and Siemens (up 109.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,532.8 (down 1.1%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.6%) and Tata Motors (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,188.8 (down 1.2%). Hindalco and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,532.8, registering a gain of 14,574.2 points (up 22.4%).

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 128.2.


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