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Jain Irrigation Gains 4%; BSE CAPITAL GOODS Index Up 0.1%
Tue, 26 Nov 10:33

Jain Irrigation Gains 4%; BSE CAPITAL GOODS Index Up 0.1%Image source: Kameleon007 /www.istockphoto.com

Jain Irrigation share price has zoomed 4% and is presently trading at Rs 71.0.

Meanwhile, the BSE CAPITAL GOODS index is at 69,715.6 (up 0.1%).

Among the top gainers in the BSE CAPITAL GOODS index today are Thermax (up 2.3%) and HINDUSTAN AERO. (up 1.9%).

ADANI GREEN ENERGY (down 6.9%) and GRINDWELL NORTON (down 1.2%) are among the top losers today.

Over the last one year, Jain Irrigation has moved up from Rs 69.6 to Rs 71.0, registering a gain of Rs 1.4 (up 2.1%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,793.2 to 69,715.6, registering a gain of 42.9% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were Bharat Electronics (up 110.0%), HINDUSTAN AERO. (up 106.9%) and Siemens (up 106.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,970.9 (down 0.2%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.3%) and MUNDRA PORT & SEZ (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,201.3 (down 0.1%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,023.2 to 79,970.9, registering a gain of 13,947.7 points (up 21.1%).

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 128.9.


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