Jain Irrigation System bags Rs. 178 crore order, stock up

The share price of Jain Irrigation Systems surged on the bourses by about 2  per cent  after the company announced on Monday that it has bagged an order worth Rs. 178.40 crore. The company   ’s pipeline division won the order for supplying, installing and testing of UGPL System of sub-minor for irrigation through Kundies in Chak area of Sardar Sarovar Project Command. 
  
The share prices hit an intraday high of Rs. 61.15 per share, higher by 2.17  per cent , on Monday. The stock hit an intraday low of Rs. 60.45 per share, trading above its previous close. The share price of the company had hit its 52-week high of Rs. 74 per share on April 25,  2017  and its 52-week low of Rs. 50 per share on November 15,  2016  on BSE, respectively. The stock also witnessed a traded value of Rs .9.10 lakh and a traded volume of 15,007 shares on NSE on Monday. 
  
The stock was trading at Rs. 60.10 per share, higher by 0.44  per cent  on BSE at 1049 hours IST. Meanwhile, S&P BSE Sensex was trading at 32,531.43 level, higher by 0.30  per cent  and NSE Nifty50 was trading at 10,210.95 level, higher by 0.43  per cent  on Monday. 
  
Jain Irrigation Systems is an agri-business company, engaged in manufacturing plastic products, fruits and vegetable juices and powder. The company operates in Hi-Tech Agri Input Products, Industrial Products and Non-conventional Energy. The company has over 30 manufacturing units all over the world.