Jain Irrigation Systems is currently trading at Rs. 96.25, up by 0.85 points or 0.89% from its previous closing of Rs. 95.40 on the BSE.
The scrip opened at Rs. 95.95 and has touched a high and low of Rs. 97.05 and Rs. 95.00 respectively. So far 280181 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.25 on 30-Oct-2016 and a 52 week low of Rs. 47.00 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 98.40 and Rs. 93.65 respectively. The current market cap of the company is Rs. 4436.00 crore.
The promoters holding in the company stood at 30.75%, while institutions and non-institutions held 48.12% and 21.13% respectively.
Jain Irrigation Systems’ wholly owned subsidiary Jain irrigation, Inc., USA has acquired the technology and core team of Australian Observant. Observant is a world leader in providing in-field hardware and cloud based applications for precision farm water management. The acquisition will combine Observant's broad field monitoring and control technology with company’s global irrigation manufacturing and precision agriculture technology platform to provide farmers with a broad suite of capabilities to increase crop yields while, at the same time, responsibly and profitably manage limited resources.
Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.