Jain Irrigation Systems share price shed nearly 4 percent in the opening trade on August 14 despite the company secured solar pumps order worth Rs 135 crore.
At 09:21am, Jain Irrigation Systems was quoting at Rs 50.75, down Rs 2.05, or 3.88 percent, on the BSE.
The Chief Engineer (Special Project Department), Maharashtra State Electricity Distribution Company Limited (MSEDCL) has awarded the order to design, manufacture, supply, transport, installation, testing, and commissioning of off-grid DC solar photovoltaic water pumping systems (SPWPS) of 3 HP, 5 HP, and 7.5 HP capacity.
Under this project, the company will supply and install 5,438 solar pumps across various districts in Maharashtra, with a total project value of Rs 135 crore + GST.
In December 2024, the company executed the Phase I of the scheme and installed 4,180 solar pumps valued at Rs 103 crore.
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The company's profit in Q1FY26 declined 8.5 percent at Rs 11.2 crore from Rs 12.2 crore in June 2024.
The total income of the company jumped 4.6% at Rs 1,545.6 crore versus Rs 1,477.9 crore.
The share touched a 52-week high of Rs 83.35 and a 52-week low of Rs 45.16 on 21 January, 2025 and 07 August, 2025, respectively.
Currently, the stock is trading 39.11 percent below its 52-week high and 12.38 percent above its 52-week low.
The market capitalisation of the company stands at Rs 97.92 crore.
The company share price declined 21 percent in the last 6 months.
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