Jain Irrigation Systems zooms on inking MoU with Coffee Board of India
Jain Irrigation Systems is currently trading at Rs. 70.80, up by 4.06 points or 6.08% from its previous closing of Rs. 66.74 on the BSE.
The scrip opened at Rs. 69.26 and has touched a high and low of Rs. 71.40 and Rs. 68.80 respectively. So far 604517 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.10 on 20-Jun-2024 and a 52 week low of Rs. 43.75 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 71.40 and Rs. 66.50 respectively. The current market cap of the company is Rs. 4670.27 crore.
The promoters holding in the company stood at 26.12%, while Institutions and Non-Institutions held 14.56% and 59.31% respectively.
Jain Irrigation Systems (JISL) has signed a landmark memorandum of understanding (MoU) with the Coffee Board of India for the commercial release of the advanced high quality, disease-resistant coffee plants to growers. This collaboration is set to transform the coffee industry.
It is the first company in the world to have successfully developed a Tissue Culture protocol for coffee varieties. Jain Tissue cultured coffee plants are Elite Mother Plants, meticulously developed for their high yield, excellent cup quality, and well-balanced canopy architecture. They are true to type, disease-free, robust, and genetically uniform. These Coffee plants perform optimally when integrated into Jain Precision Farming Packages, ensuring efficient and sustainable coffee cultivation.
Jain Irrigation Systems is an Indian multinational company with manufacturing plants across the globe.
