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Jain Irrigation trims losses even as high cost takes toll - The Hindu BusinessLine

Jain Irrigation trims losses even as high cost takes toll
February 13, 2021
Jain Irrigation has reported a lower net loss of ₹123 crore in the December quarter against loss of ₹284 crore logged in the same period last year, largely due to higher cost of raw material.
Revenue from operations was up at ₹1,428 crore (₹1,300 crore).
Overall expenses were down marginally at ₹1,623 crore (₹1,687 crore). Raw material and finance cost were up at ₹835 crore (₹733 crore) and ₹183 crore (₹178 crore).
On a standalone basis, net loss was down at ₹75 crore against loss of ₹183 crore registered last year while revenue was up at ₹522 crore (₹352 crore).
Anil Jain, Managing Director, Jain Irrigation, said the quarter started of with scepticism and uncertainty over Covid, but in reality the impact on business was manageable. ....

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CA becomes Jain sadhvi| Mumbai CA quits Rs 15 lakh job to take diksha as Jain sadhvi

Updated Jan 23, 2021 | 07:44 IST
Payal Shah, a 31-year-old CA from Mumbai, earning Rs 15 lakh per annum, has decided to quit her job and take diksha as a Jain sadhvi.
My journey began about seven years ago when I began visiting Jain sadhvis living near our house in Mumbai, Payal said. | Photo Credit: iStock Images
Ahmedabad: A chartered accountant who was earning Rs 15 lakh per annum has decided to quit and take
diksha as a Jain
sadhvi. Payal Shah, aged 31, will leave her current life on February 24 and have a fresh beginning in her life with plain white robes.
Payal who worked at a firm in Walkeshwar will attain ....

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Buy Now Sell Now: Kunal Bothra and Saurabh Jain talk about the technicals and fundamentals of market

Bothra recommended Hindustan Unilever (HUL) and Indian Bank. He believes the FMCG basket looks attractive as compared to most other sectors and given the market cool off. He remains optimistic that HUL could come back to Rs. 2450-odd highs once again. He gave a Buy call on the stock with a target of Rs. 2450 and a stop loss of Rs. 2355.
Bothra also added Indian Bank to his recommendation for the day, and he called it a High Risk trade. He said that public sector banks are high beta in nature and the stock of Indian Bank, which hit Rs. 97-98 levels, cooled off 15% from those highs. Post the correction, it is likely to pick up again, according to Bothra. He gave a Buy rating with a target of Rs.105-110 and a stop loss of Rs. 88. ....

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