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Jain Irrigation net profit up 25%, to issue bonus DVR shares

Jain Irrigation Systems reported good growth and stable margins in the quarter ended December 2010.

Its sales rose by 15% to Rs 736 crore, over the September quarter or on a sequential basis. Its net profit too rose by 15% to 71 crore. Compared to the same period a year ago, its net profit rose by 25%.

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Reliance Power’s proposed bonus issue tries to mend fences with hurt investors

Reliance Power is attempting to win over dejected investors, who suffered losses after investing in the company’s public offer IPO, one which attracted unprecedented subscriptions. The company’s Board will meet next Sunday to decide on a proposal to issue bonus shares or otherwise compensate shareholders who applied in the IPO.

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