Jain Irrigation rises on the BSE

Jain Irrigation Systems is currently trading at Rs 183.10, up by 0.80 points or 0.44% from its previous closing of Rs 182.30 on the BSE.

The scrip opened at Rs 182.70 and has touched a high and low of Rs 184.55 and Rs 181.00 respectively. So far 82,014 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 264.57 on 09-Aug-2010 and a 52 week low of Rs 155.15 on 01-Feb-2011.

Last one week high and low of the scrip stood at Rs 193.50 and Rs 179.40 respectively. The current market cap of the company is Rs 6998.58 crore.

The promoters holding in the company stood at 30.76% while Institutions and Non-Institutions held 57.82% and 10.78% respectively.

Mumbai-based Jain Irrigation Systems has won the FT (Financial Times) ArcelorMittal Environment Award for 2011 for its contribution to the agriculture sector in India.

It is the first company to introduce drip irrigation technology to India in the 1980s. Since then it has greatly increased agricultural yields and this year the Government of India has increased subsidies for micro-irrigation to $221 million, up 133% from last year.

With over 8,000 employees including 1,000 abroad, the company has achieved a turnover of $1 billion this year. Drip irrigation systems, sprinkler irrigation systems, automation systems, valves, water filters, fertigation, equipment, green houses, plant tissue culture, nursery plants and systems, bio fertilizers are some of the manufacturing products of the company. The company also has its operations in the USA, Europe and Brazil.

Jain Irrigation is a diversified company with a market capitalization of Rs 7,500 crore approx. Jain’s product portfolio includes Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates.