Meanwhile, the BSE Sensex was down 60 points, or 0.36%, to 16,589.05

On BSE, 6.21 lakh shares were traded in the counter as against an average daily volume of 6.91 lakh shares in the past one quarter.

The stock hit a high of Rs 77.85 and a low of Rs 75 so far during the day. The stock had hit a 52-week high of Rs 174.95 on 11 July 2011. The stock had hit a 52-week low of Rs 69.05 4 June 2012.

The mid-cap stock had underperformed the market over the past one month until 7 June 2012, falling 2.55% compared with the Sensex's 1.56% fall. The scrip also underperformed the market in past one quarter, sliding 24.48% as against 2.90% fall in the Sensex.

The company has an equity capital of Rs 81.03 crore. Face value per share is Rs 2.

Macquarie Bank acquired 44.16 lakh shares or 1.14% stake in Jain Irrigation Systems at Rs 74.20 per share through a bulk deal on the NSE on Thursday, 7 June 2012. Fundamental Investors Inc was the seller in the transaction.

Jain Irrigation Systems' net profit rose 58.7% to Rs 173.43 crore on 1.9% rise in total income to Rs 1269.01 crore in Q4 March 2012 over Q4 March 2011.

Jain Irrigation Systems makes drip and sprinkler irrigation systems and components; PVC, polyethylene (HDPE, MDPE) and polypropylene piping systems; plastic sheets (PVC & PC sheets); dehydrated onions and vegetables; processed fruits; tissue culture, hybrid & grafted plants; greenhouses, poly and shade houses; bio-fertilizers; solar water heating systems and solar photovoltaic appliances (solar lighting systems) and bio-energy sources.