Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

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

Jindal Drilling Standalone December 2021 Net Sales At Rs 115.79 Crore, Up 1.75% Y-o-Y

In the broader markets, Nahar Polyfilms, Spandana Sphoorty and Jindal Drilling hit the upper circuit. Traders cheered the Budget winners but punished India Inc players who failed to pull off a strong show in the December 2021 quarter.

Biggest gainers & losers of the day: Spandana Sphoorty zooms 20%, Vishwaraj Sugar drops

Jindal Drilling & Industries Ltd has lost 9.29% over last one month compared to 0.99% fall in S&P BSE Energy index and 1.82% drop in the SENSEX

Jindal Drilling & Industries Ltd Slides 1.2%

The rig acquired from Venus Drilling is currently operating under contract with ONGC.

Jindal Drilling acquires offshore jack-up rig Jindal Supreme for $16.75 mn; Stock jumps 2.5%

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

Top stocks in focus: Paytm, Vedanta, Jindal Drilling, Phoenix Mills, Zomato

Jindal Drilling & Industries rises 2.11% to Rs 138 after the company announced the acquisition of an offshore jack up rig from Venus Drilling Pte.

Jindal Drilling rises on acquiring offshore jack-up rig

Jindal Drilling and Industries Limited is engaged in providing services to entities involved in exploration of oil and gas. The Company operates through Drilling and related services segment. The Company offers various services, such as offshore drilling, directional/horizontal drilling, measurement while drilling (MWD) services and mud logging services. It offers various types of offshore rigs, such as drilling barges, jack-up rigs, submersible rigs, semi-submersible rigs and drill ships. It owns approximately 10 ready sets of MWD tools, over 80 steerable downhole mud motors, approximately 20 jars and about 90 non-magnetic drill collars. The MWD is a technology used to determine the position of the well by measuring the real time parameters, such as direction, inclination and tool face. It operates approximately six Jack-up Rigs, namely Jindal Explorer, Jindal Pioneer, Discovery I, Jindal Star, Virtue I and Jindal Supreme.

Jindal Drilling and Industries Ltd

Jindal Drilling and Industries Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

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

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

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

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

Jindal Drilling Standalone December 2021 Net Sales At Rs 115.79 Crore, Up 1.75% Y-o-Y

Biggest gainers & losers of the day: Spandana Sphoorty zooms 20%, Vishwaraj Sugar drops

Jindal Drilling and Industries Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

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

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

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

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

Jindal Drilling Standalone December 2021 Net Sales At Rs 115.79 Crore, Up 1.75% Y-o-Y

Biggest gainers & losers of the day: Spandana Sphoorty zooms 20%, Vishwaraj Sugar drops

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock