Jain Irrigation System to be sold out

Jain Irrigation Systems, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 5,440.17 Crore) operating in Agriculture/Horticulture/Lives sector managed by Dr.H P Singh, Mr.Ajit B Jain, Mr.Anil B Jain, Mr.Ashok B Jain, Mr.Atul B Jain, Mr.Devendra Raj Mehta, Mr.Ghanshyam Dass, Mr.R Swaminathan, Mr.Vasant V Warty, Mrs.Radhika Pereira. Jain Irrigation Systems key Products/Revenue Segments include Piping Systems which contributed Rs 1931.09 Crore to Sales Value (37.75 per cent of Total Sales), Micro Irrigation Systems And Other Agri. Related Products which contributed Rs 1905.67 Crore to Sales Value (37.25 per cent of Total Sales), Fruit Puree & Concentrate which contributed Rs 563.97 Crore to Sales Value (1 . (11.02 per cent of Total Sales), Dehydrated Onions & Vegetables which contributed Rs 273.74 Crore to Sales Value (5.35 per cent of Total Sales), Plastic Sheets which contributed Rs 134.57 Crore to Sales Value (2.63 per cent of Total Sales), Tissue Cultured Plants which contributed Rs 108.88 Crore to Sales Value (2.12 per cent of Total Sales),

Solar Photovoltaic (SPV) System which contributed Rs 94.64 Crore to Sales Value (1.85 per cent of Total Sales), Other Operating Revenue which contribute. Rs 67.20 Crore to Sales Value (1.31 per cent of Total Sales), Solar Water Heating System & System Comp. which contributed Rs 25.48 Crore to Sales Value (0.49 per cent of Total Sales) and Others which contributed Rs 9.63 Crore to Sales Value (0.18 per cent of Total Sales) for the year ending 31-Mar-2016. 

Kunal Bothra has a buy call on Jain Irrigation Systems with a target price of Rs 120. The current market price of Jain Irrigation Systems is Rs 109.60. Kunal Bothra recommended to keep a stop loss at Rs 102. Time period given by the analyst is intraday when Jain Irrigation Systems price can reach defined target. 

-Dr.Sangeeta Soi
Krishi Jagran, New Delhi