Top Stocks to Buy before Budget 2012
4. Jain Irrigation
LKP Advisory is very bullish about Jain Irrigation, stating that its current market price is
105.85. Buying this stock would fetch a return of 36 percent.
Jain Irrigation Systems Limited (JISL) is an India-based agri-business company. JISL is the manufacturer of irrigation systems in India. It also manufactures mango pulp, puree and concentrate, and dehydrated onions. JISL is also the manufacturer of polyethylene pipes, polyvinyl chloride (PVC) pipes, tissue culture banana plants. JISL manufactures hybrid and grafted plants, greenhouses, poly and shade houses, bio-fertilizers, solar water heating systems, solar panels, solar water pumps and wood substitute plastic sheets. The Company operates in two segments: Hi-tech agri input products and industrial products. The Company’s hi-tech agri input products consists of micro and sprinkler irrigation, PVC pipes and bio-tech tissue culture. Its Industrial Products consists of PVC and polycarbonate compact sheets, polyethylene pipes, onion and vegetable dehydration, fruit processing and solar. In November 2010, the Company acquired 80% interest in SQF 2009 Limited.
Its average volume traded is 2,707,387. Its 52 week high value is
194.00 and 52 week low value is
74.50.

