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S&P downgrades "Jain Irrigation", stock up over 18 per cent

20 Jun, 2019

S&P downgrades "Jain Irrigation"

S&P Global Ratings on Thursday downgraded Jain Irrigation to 'B-' from 'B+' with stable outlook. Shares of the company on BSE surged 19.80% to ₹23.55 while on NSE it soared to ₹23.35 up 18.53%. Jain Irrigation, or simply Jains, is a multinational organisation based in Jalgaon, India.

Intraday, Jain Irrigation shares fell as much as 26.7 percent to Rs 20.20 per share. At 11:09 AM, the stock price was down 22.45 percent to Rs 21.25 per share on the NSE. The stock has been under pressure from the last 4 trading sessions. In last one month, the stock cracked about 62.91 percent, and, in last one year, it fell 78 percent.

S&P downgrades "Jain Irrigation"

Jain Irrigation NSE Samp;P Stock Market

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