The company’s consolidated net profit plunged 60 percent YoY to Rs 12.07 crore for the June quarter, from Rs 30.12 crore in the corresponding period of FY23.

Jindal Drilling plummets 7% after 60% Q1 profit slump

Jindal Drilling Consolidated December 2022 Net Sales at Rs 138.24 crore, up 19.39% Y-o-Y

Jindal Drilling Standalone December 2022 Net Sales at Rs 138.24 crore, up 19.39% Y-o-Y

Jindal Drilling & Industries consolidated net profit declines 27.77% in the December 2022 quarter

Significant increase in rig charter rates provides revenue visibility, better operating leverage and low valuations.

Jindal Drilling - Acquisition Of Rigs, Higher Charter Rates Provides Revenue Visibility: HDFC Securities

Based on the industrial trends and individual performance of companies, HDFC Securities has picked Jindal Drilling & Industries, RACL Geartech, and Vardhman Special Steels for 2-3 quarters

Top fundamental stock picks by HDFC Securities

Jindal Drilling Consolidated September 2022 Net Sales at Rs 137.95 crore, up 37.63% Y-o-Y

“As we are into results season, we will see stock-specific performance due to the actual results. In the midcap space, we like GHCL, Tata Chemicals, Vishnu Chemicals & rice exporting companies like KRBL & LT foods. One can also look at Shree Renuka Sugar LTD, Pennar Industries Ltd, Jindal Drilling a…

ETMarkets Smart Talk: In the result season, go stock-specific in mid & smallcaps: Arpit Jain, Arihant Capital

The above Jack-up Rig Discovery I is currently operating under an existing contract, awarded by ONGC to the Company and is likely to be deployed after refurbishment in the month of February 2023 under the charter hire contract awarded as above.

Jindal Drilling secures contract for deployment of jack-up rig ‘Discovery I’

Jindal Drilling & Industries Ltd has added 4.27% over last one month compared to 1.39% fall in S&P BSE Energy index and 2.18% drop in the SENSEX

Jindal Drilling & Industries Ltd Spikes 3.46%, S&P BSE Energy index Rises 1.48%

The judgment came on ONGC’s appeal against dismissal of its plea by the HC in June 2021 under Section 37 of the Arbitration and Conciliation Act.

Supreme Court allows ONGC plea, makes Jindal Drilling and Industries party to arbitration with Discovery Enterprises | The Financial Express

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Jindal Drilling & Industries Limited is engaged in drilling and related services. It provides a range of services to companies involved in the exploration of oil and gas.