Jain Irrigation Systems marginally up despite a mega turnaround in Q3 results YOY

The company reported consolidated net profit of Rs 9.21 crore for the quarter ended on December 31, against a loss of Rs 39.68 crore in the year ago period.

Jain Irrigation Systems is currently trading at Rs. 53.65, up by Rs. 0.15 or 0.28% from its previous closing of Rs. 53.5 on the BSE. The company reported consolidated net profit of Rs 9.21 crore for the quarter ended on December 31, against a loss of Rs 39.68 crore in the year ago period.

The scrip opened at Rs. 54.5 and has touched a high and low of Rs. 54.85 and Rs. 52.75 respectively. So far 704772(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2445.55 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 79 on 23-Jul-2015 and a 52 week low of Rs. 50.4 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 61.45 and Rs. 50.4 respectively.

The promoters holding in the company stood at 28.7 % while Institutions and Non-Institutions held 50.23 % and 20.91 % respectively.

The stock is currently trading above its 200 DMA.