Jain Irrigation benefits
By
Ruma Dubey
about 7 years ago
![No image](https://images.sptulsian.com/articles/Jain-Irrigation-benefits-.png)
Jain Irrigation rose over 4% to Rs.138.75 but some profit booking at these levels came in and the stock is now ruling at Rs.135 levels. Its 52-week high is at Rs.146.40.
The company is a beneficiary of the new GST rate.
The GST Council yesterday announced that the GST rate on drip irrigation systems including laterals, sprinklers products has been brought down from 18% to 12%.
These new rates will be effective 25th Jan.
The good part - this 6% benefit which the company will get, it has decided to pass it on to the customers.
As the Budget draws near, this is one stock which is always a gainer and in the pre-Budget rally, it always a major draw. Thus in coming days, this counter will see a lot of activity.
21st Jan 2018 at 04:35 pm
20th Jan 2018 at 03:18 pm
19th Jan 2018 at 04:04 pm
19th Jan 2018 at 01:48 pm
19th Jan 2018 at 12:40 pm