Equity / Stocks - Jindal Drilling & Industries Ltd in MARKETS - CMP : 488 Jindal Drilling & Industries Ltd. explores for and produces oil and gas properties in the offshore areas ...
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Jindal Drilling & Industries Ltd

  1. Jindal Drilling & Industries Ltd

    CMP : 488


    Jindal Drilling & Industries Ltd. explores for and produces oil and gas properties in the offshore areas of India.

    Jindal Drilling is a decent pick in mid-cap space. Its revenues have grown big in the last 5 years. Its NPM has grown slowly closing in on 10%. Considering all that, P/E of 10 looks like a good buy while its peers trade higher. It should find strong support at 450 - 460 levels and has bounced back off those levels in the past. If NPM picks up, it should do great in coming years. Its a good safe investment diversity. Buy and accumulate on dips of 10%.








  2. Jindal Drilling Industries has reported a sales turnover of Rs 265.02 crore and a net profit of Rs 23.72 crore for the quarter ended Dec '10

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