Jain Irrigation gains after Mankekar buys nearly 2 pct stake

Reuters Market Eye - Shares in Jain Irrigation Systems Ltd gain more than 3 percent after billionaire investor Shivanand Shankar Mankekar bought a 1.86 percent stake, or 8.26 million shares, in the company during the April-June quarter, according to exchange data.

Private investor Mankekar is among the respected stock pickers in India, traders say.

(Reporting by Abhishek Vishnoi)