{"id":131833,"date":"2024-08-23T13:14:43","date_gmt":"2024-08-23T07:44:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=131833"},"modified":"2024-08-23T13:14:48","modified_gmt":"2024-08-23T07:44:48","slug":"stock-jumps-7-after-it-signs-mou-with-coffee-board-of-india-for-high-quality-coffee-plants","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-7-after-it-signs-mou-with-coffee-board-of-india-for-high-quality-coffee-plants\/","title":{"rendered":"Stock jumps 7% after it signs MoU with Coffee Board of India\u00a0for high-quality coffee plants"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1486135984\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the world\u2019s second-largest micro-irrigation company gained up to 7 percent after the company signed a Memorandum of Understanding with the Coffee Board of India.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1150160255\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 4,670.27 crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JISLJALEQS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Jain Irrigation Systems Ltd<\/a><\/strong> were trading at Rs 69.97 per share, increasing around 5 percent as compared to the previous closing price of Rs 66.74 apiece.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for Rise:-&nbsp;<\/strong><\/h2><p>The company shares have seen drastic movement after Jain Irrigation Systems Ltd signed a Memorandum of Understanding with the Coffee Board of India for the commercial release of the advanced high-quality, disease-resistant coffee plant to growers. This collaboration will help the company to expand in the coffee industry.&nbsp;<\/p><p>Furthermore, as per the terms of the MoU, Jain Irrigation would multiply and sell the selected coffee plants directly to producers while paying a royalty to the Board. Contract propagation in large quantities from institutions, planter associations, and individual coffee estate owners, broadening the scope of its revolutionary coffee-growing solutions.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-4210321516\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"wQvpSmHyvx\"><a href=\"https:\/\/tradebrains.in\/features\/drone-stock-hit-5-upper-circuit-after-winning-contract-worth-2-55-cr-from-bda\/\">Drone stock hit 5% upper circuit after winning contract worth \u20b9 2.55 Cr from BDA\u00a0<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Drone stock hit 5% upper circuit after winning contract worth \u20b9 2.55 Cr from BDA\u00a0&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/drone-stock-hit-5-upper-circuit-after-winning-contract-worth-2-55-cr-from-bda\/embed\/#?secret=5KPPPuDUm3#?secret=wQvpSmHyvx\" data-secret=\"wQvpSmHyvx\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Director\u2019s Comment:-&nbsp;<\/strong><\/h2><p>Mr. Ajit Jain, Managing Director, of Jain Irrigation, said, \u201cWe are extremely proud to introduce to the world an elite coffee- a disease-free, genetically uniform, and high-yielding variety \u2013 bringing prosperity to Indian coffee farmers and putting Indian coffee on the global map.\u201d&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Condition:-&nbsp;<\/strong><\/h2><p>Examining the company\u2019s financial performance, revenue soared by 13 percent from Rs 1,701 crore in Q1FY24 to Rs 1,478 crore in Q1FY25, however during the same time frame, net profit plummeted by 67 percent from Rs 37 crore to 12 crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Order Book &amp; footprint:-&nbsp;<\/strong><\/h2><p>Jain Irrigation Systems has a strong order book of Rs 1,000 crores on a standalone basis and at a consolidated level, total orders at about Rs 1,800 crores. Out of this Rs 1,800 crores, most of the large orders, which the company has in hand, about Rs 1,000 crores are actually in the Food business because that is governed partly by contract.&nbsp;<\/p><p>Jain Irrigation Systems, an Indian multinational firm with manufacturing operations in 30 sites globally, employs over 12,000 associates and generates around USD 1 billion in revenue.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile:-&nbsp;<\/strong><\/h2><p>Jain Irrigation Systems Limited manufactures micro irrigation systems, PVC pipes, HDPE pipes, plastic sheets, agro-processed products, renewable energy solutions, tissue culture plants, financial services, and other agricultural inputs.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Zzai69BNL6\"><a href=\"https:\/\/tradebrains.in\/features\/power-stock-jumps-17-after-it-sets-record-date-for-11-bonus-issue\/\">Power stock jumps 17% after it sets record date for 1:1 bonus issue<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Power stock jumps 17% after it sets record date for 1:1 bonus issue&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/power-stock-jumps-17-after-it-sets-record-date-for-11-bonus-issue\/embed\/#?secret=D8dgig35Zj#?secret=Zzai69BNL6\" data-secret=\"Zzai69BNL6\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1967107268\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3028605636\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the world\u2019s second-largest micro-irrigation company gained up to 7 percent after the company signed a Memorandum of Understanding with the Coffee Board of India.&nbsp; With a market capitalization of Rs 4,670.27 crore, the shares of Jain Irrigation Systems Ltd were trading at Rs 69.97 per share, increasing around 5 percent as compared [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":51085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[21834,21836,21835,21833,948,936],"class_list":["post-131833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-jain-irrigation-systems-latest-news","tag-jain-irrigation-systems-mou-with-coffee-board","tag-jain-irrigation-systems-new-order","tag-jain-irrigation-systems-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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