Jain Irrigation System spurts 2% after bagging order

The company has signed a 3 year Supply Contract for supply of Mango Pulp with Hindustan Coca-Cola Beverages. The contract is valued at Rs. 751 crores at current year's supply prices.

Jain Irrigation Systems has signed a 3 year supply contract for supply of mango pulp with Hindustan Coca-Cola Beverages. The contract is valued at Rs. 751 crores at current year's supply prices. The stock is currently trading at Rs. 64.2, up by Rs. 1.55 or 2.47% from its previous closing of Rs. 62.65 on the BSE.

The scrip opened at Rs. 63.3 and has touched a high and low of Rs. 64.9 and Rs. 62.6 respectively. So far 2993915(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2854.2 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.8 on 03-Nov-2014 and a 52 week low of Rs. 50.55 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 66.3 and Rs. 61 respectively.

The promoters holding in the company stood at 28.69 % while Institutions and Non-Institutions held 40.14 % and 31.01 % respectively.

The stock is currently trading below its 200 DMA.