Sharemasterindia.com: Irrigation related shares like Finolex Industries, Jain Irrigation
Systems and Shakti Pumps jumped as much as 7 per cent on Thursday after
the government approved the Prime Minister Irrigation Scheme which aims
to provide irrigation facility to all agricultural lands.
Under the Prime Minister Irrigation Scheme the government has plans to spend Rs 50,000 crore on irrigation over next five years.
Analysts say government's push to improve irrigation facility in India is likely to boost revenues of companies like Finolex Industries, Jain Irrigation and Shakti Pumps which are directly related to this business.
As of 12.28 p.m. shares of Jain Irrigation traded 3.24 per cent higher at Rs 71.65, Shakti Pumps traded 2.37 per cent higher at Rs 194.70 apiece and Finolex Industries was up 6.18 per cent outperforming the broader markets which were range bound
Under the Prime Minister Irrigation Scheme the government has plans to spend Rs 50,000 crore on irrigation over next five years.
Analysts say government's push to improve irrigation facility in India is likely to boost revenues of companies like Finolex Industries, Jain Irrigation and Shakti Pumps which are directly related to this business.
As of 12.28 p.m. shares of Jain Irrigation traded 3.24 per cent higher at Rs 71.65, Shakti Pumps traded 2.37 per cent higher at Rs 194.70 apiece and Finolex Industries was up 6.18 per cent outperforming the broader markets which were range bound
