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

Dividend Returns

Not a good time to invest, stock is in overbought zone

Entry point

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

No Red Flags

Bajaj Auto Ltd, Tata Motors Ltd, Tata Motors-DVR and Chennai Petroleum Corporation Ltd are among the other gainers in the BSE’s ‘A’ group today, 27 January 2023.

Jindal Saw Ltd leads gainers in ‘A’ group

Jindal Saw Consolidated December 2022 Net Sales at Rs 5,157.94 crore, up 48.6% Y-o-Y

Jindal Saw Ltd on Wednesday reported manifold rise in its consolidated profit after tax at Rs 143.23 crore in the December 2022 quarter.

Jindal Saw Q3 PAT rises manifold to Rs 143 cr, revenue from operationss up

Buzzing stocks: Tata Motors, Tata Elxsi, Tata Steel Long Products, Bajaj Auto, atteries, Arvind, Bajaj Auto, Blue Dart, Cipla, Ceat, Dr Reddy’s Lab, DLF, Embassy Office Parks REIT, Equitas Holdings, Go Fashion, Indian Bank, Jindal Saw, Patanjali Foods, Sundaram Clayton, Torrent Pharmaceuticals, Reli…

Stocks that will see action on January 25, 2023

Promoters held 63.02 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.85 per cent, DIIs 0.86 per cent.

Buy Jindal Saw, target price Rs 115: Prabhudas Lilladher

Government has imposed anti dumping duty on Stainless Steel Tubes & Pipes imported from China for a period of 5 years. This step is being taken to remove Injury to domestic Industry. China  is the largest exporter of SS pipes and tubes to India and accounts for 54% of India’s total imports (FY21). China had earlier revoked export rebate which made imports costlier and now, anti dumping duty on Stainless Steel tubes and pipes has been imposed by India. Philip Capital believes this is a positive development for SS seamless pipe players. Considering the large number of grades and SKU's exact quantum of benefits is difficult ascertain at current junction.  However Philip Capital believes this will definitely benefit the companies in the medium to longer run. They believe Ratnamani Metals and Venus pipes are expected to benefit the most followed by marginal gains for Jindal SAW and Welspun Corp.
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Stainless Steel Pipe & Tube Manufacturers in Focus- Here's why!

Jindal Saw consolidated net profit declines 50.52% in the September 2022 quarter

Billionaire Anil Agarwal-promoted Vedanta Ltd was also in the fray to acquire the stock exchange listed steel maker. In a statement to the exchange on Monday, the company said lenders issued a letter of intent to Jindal Saw as a successful resolution applicant. The stock notice does not disclose the…

Jindal Saw set to acquire Sathavahana Ispat under IBC for Rs 530 crore

Insider trading details include buying and selling by Promoter, Key Managerial Persons, Directors, Immediate Relatives, Employee’s Trust, and Employees.
The top 5 companies where insiders have bought shares are Adani Enterprises, Adani Green, Welspun India, India Pesticides, and Man Infra. While the top 5 companies where insiders have sold shares are KNR Constructions, Mahindra CIE, CG Consumer, Poonawalla Fincorp, and JSW Steel.
Promoters and immediate relatives of directors released pledged shares the most in companies like Sun Pharma, JSPL, Jubilant FoodWorks, Jindal Saw, and Bajaj Electricals.  While the promoters of Emami and Max Financial have pledged the most number of shares in the month of September.
Watch the video to know more.#ETNow #AdaniGreen #JSWSteel 


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Where Insiders Bought & Sold In September 2022 | ET Now | Business News | Latest Update

Stocks of pipe makers such as Jindal Saw, Maharashtra Seamless, Ratnamani Metals, and Welspun Corp, among others, are likely to gain in the mid-to-long term as analysts expect demand revival after four years of struggle. Besides strong domestic demand for water and oil grid pipelines, analysts expec…

Pipe makers poised for gains as demand revives after a lull in India & overseas

Over 250 stocks, including Wipro, Torrent Pharmaceuticals, Jindal Saw, Hindustan Zinc, Granules India, Aurobindo Pharma, Ashoka Buildcon, IDFC First Bank, and KEC International, touched their 52-week low on the BSE.

Taking Stock | Sell-off continues for fourth day; Nifty ends below 16,200, Sensex falls 276 pts

Jindal Saw Limited is engaged in the manufacture and supply of tube and tube fittings of basic iron and steel, and mining of iron ores.

Jindal SAW Ltd

Jindal SAW 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 Saw Ltd leads gainers in ‘A’ group

Jindal Saw Consolidated December 2022 Net Sales at Rs 5,157.94 crore, up 48.6% Y-o-Y

Jindal Saw Q3 PAT rises manifold to Rs 143 cr, revenue from operationss up

Stocks that will see action on January 25, 2023

Buy Jindal Saw, target price Rs 115: Prabhudas Lilladher

News Video

Stainless Steel Pipe & Tube Manufacturers in Focus- Here's why!

Jindal Saw consolidated net profit declines 50.52% in the September 2022 quarter

Jindal SAW 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 Saw Ltd leads gainers in ‘A’ group

Jindal Saw Consolidated December 2022 Net Sales at Rs 5,157.94 crore, up 48.6% Y-o-Y

Jindal Saw Q3 PAT rises manifold to Rs 143 cr, revenue from operationss up

Stocks that will see action on January 25, 2023

Buy Jindal Saw, target price Rs 115: Prabhudas Lilladher

News Video

Stainless Steel Pipe & Tube Manufacturers in Focus- Here's why!

Jindal Saw consolidated net profit declines 50.52% in the September 2022 quarter

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