Jain Irrigation - Now with 10% Price Band & No T2T

By Research Desk
about 3 years ago

Jain Irrigation saw its daily price band revised upward from last Friday, from 5% to 10%, with stock now traded in EQ segment and not T2T. Infact, stock saw good accumulation in the last 2 weeks, in the price range of 31-35, with cash volume seen having shrunk, with stock due to give a big price volume break out.

All eyes will be on its Q1 numbers, due on 10th August, which may hint of some rise in topline, with improvement likely to be seen in its margins, due to restructuring of major part of its borrowing, including external borrowings, having approved by the London Court last month.

Jain Irrigation with its subsidiaries and associates are engaged in manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs for more than 34 years. It has pioneered a Productivity Revolution, with modern irrigation systems and innovative technologies in order to save  water and has helped to get significant increase in crop yields, for millions of small farmers. It has also ushered in new concept of large scale Integrated Irrigation Projects (IP). 'More Crop Per Drop' is the company's approach to water security and food security.

Will Jain Irrigation be able to regain its lost glory?
Its 4 quarterly results of FY22 will decide it.

This is not a Buy recommendation, while stock recommendations are provided exclusively to our paid members in the Member Zone.

Popular Comments