Jain Irrigation climbs as it may sell stake in food processing unit - The New Indian Express

Jain Irrigation climbs as it may sell stake in food processing unit

Published: 31st March 2014 12:19 PM

Last Updated: 31st March 2014 12:19 PM

Jain Irrigation Systems, a leading manufacturer of irrigation systems, plastic sheets and pipes and fittings, climbed on Monday after a media reportquoted that the company is planning to sell a stake in its food-processing business to private equity funds. Shares ofthe companyare trading at Rs 65.95, up Rs 1.5, or 2.33% at the Bombay Stock Exchange (BSE) on Monday at 11:15 a.m.The scrip has touched an intra-day high of Rs 67.05 and low of Rs 65.10. The total volume of shares traded at the BSE is 586,759.In the earlier session, the shares gained 3.29%, or Rs 2.05, at Rs 64.45. Currently, the stock is trading down 12.18% from its 52-week high of Rs 75.10 and above 43.06% over the 52-week low of Rs 46.10.

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