JAIN IRRIGATION
Considering the leadership position of Jain Irrigation, it will be a key benefi ciary of increased government focus on agriculture. Debt reduction, micro irrigation system (MIS) growth, and improvement in MIS margins over the next two quarters will be key catalysts for the stock. The stock is valued fairly now at 20 times its FY16 forward PE. "We remain bullish on long-term industry growth prospects," said Morgan Stanley in a recent note.
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Considering the leadership position of Jain Irrigation, it will be a key benefi ciary of increased government focus on agriculture. Debt reduction, micro irrigation system (MIS) growth, and improvement in MIS margins over the next two quarters will be key catalysts for the stock. The stock is valued fairly now at 20 times its FY16 forward PE. "We remain bullish on long-term industry growth prospects," said Morgan Stanley in a recent note.
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