Shares of three prominent Indian companies—Jain Irrigation Systems, Savita Oil Technologies, and state-owned MSTC—experienced significant gains, rising by up to 17% on Thursday, June 4, 2026, amid a generally positive trend in the broader market.
Jain Irrigation Leads with Biochar Innovation
Jain Irrigation Systems saw its shares climb by 14%, reaching Rs 33.09 from its previous close of Rs 29.16. This surge boosted the irrigation firm's market capitalization to Rs 2283.18 crore. The rally was primarily driven by the company's announcement of commissioning a new 20,000 tonne/annum high-tech industrial-scale biochar facility. Located in Jalgaon, Maharashtra, this pioneering project, developed with global experts, is set to advance climate-smart agriculture, circular manufacturing, and engineered carbon removal on a commercial scale.
Savita Oil Technologies Hits 52-Week High
Savita Oil Technologies also recorded a robust performance, with its shares soaring 17% to a 52-week high of Rs 600.05, up from Rs 514.15. The company's market capitalization expanded to Rs 3,940 crore. Trading activity was brisk, with 5.82 lakh shares changing hands, amounting to a turnover of Rs 33.30 crore.
MSTC Registers Strong Gains
Similarly, MSTC, a state-owned digital e-commerce, auctioning, and trading company, saw its shares increase by 17%, closing at Rs 523.10. This rise pushed the firm's market capitalization to Rs 3,632 crore. A total of 4.03 lakh shares were traded, generating a turnover of Rs 20.27 crore.
The collective strong performance of these companies underscores specific corporate developments and positive investor sentiment in the Indian market.