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Jump Networks rises on launching rural organic farming initiative

Jump Networks is currently trading at Rs. 55.75, up by 0.35 points or 0.63% from its previous closing of Rs. 55.40 on the BSE.

The scrip opened at Rs. 55.40 and has touched a high and low of Rs. 56.95 and Rs. 55.00 respectively. So far 4341 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 5 has touched a 52 week high of Rs. 56.45 on 24-Jun-2019 and a 52 week low of Rs. 20.70 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 56.95 and Rs. 52.20 respectively. The current market cap of the company is Rs. 557.29 crore.

The promoters holding in the company stood at 1.84%, while Institutions and Non-Institutions held 0.36% and 97.80% respectively.

Jump Networks has launched rural organic farming initiative. This initiative will give the farmers in Konkan region direct access to upmarket customers in India who will pay the right price for some incredible produce straight from the farms, using our proprietary blockchain technology layer.

The initiative, a sub-set of the ‘Chanda Te Banda’ scheme of the Government of Maharashtra, guarantees farmers with an offtake of all the qualified produce they generate at a fixed net profit per egg or litre of milk. This protects them from the vagaries of the farming & distribution process which is notorious for exploitation by middlemen.

Jump Networks operates in the media and entertainment sector in India. It engages in producing, distributing, broadcasting, marketing, and recording television programs; and informing and entertaining through the medium of television.

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