Jindal SAW Ltd and Hunting Energy Services Pte Ltd have invested ₹200 crore to set up India’s first facility for producing and supplying pipes, tubes, and premium connections to the Oil Country Tubular Goods (OCTG) market. This facility will replace imports worth $200 million annually, support India…

Jindal SAW, Hunting Energy JV set to produce premium connections for OCTG market, to replace imports

BSE Sensex shed 106.62 points, or 0.16 per cent, to settled at 66.160.20, while NSE’s Nifty50 fell 13.85 points, or 0.07 per cent, to end the day at 19,646.05 for the day.

Sensex falls 107 points, Nifty settles below 19,650; Fino Bank jumps 18%; Jindal Saw dives 12%

Some of the prominent stocks that have given multibagger returns include Tanla Platforms, Suzlon Energy, Texmaco Railsystems, JBM Auto, Jindal Saw, Mazagon Dock Shipbuilders, Inox Wind Energy, Force Motors, and Aurionpro Solutions.

At least 41 stocks turned multibaggers in over 3 months; are any of these in your portfolio?

Multibagger stock: Jindal Saw shares closed at Rs 58.2 on June 29, 2020 and rose to Rs 256.85 in the previous session (June 28, 2023), delivering 341% returns during the period. In comparison, Sensex has risen 81.73% in three years.

Rs 58 to Rs 256: This steel stock turned into a multibagger n three years

Multibagger stocks: Aurionpro Solutions, Nucleus Software Exports, Jindal Saw, Zen Technologies, Titagarh Railsystems and Kaynes Technology India doubled investor wealth in 2023 so far.

12 smallcap, midcap stocks rallied 100-200% in 2023 so far. Can second rung shares rally further?

In the past two weeks, the stock has surged 31% after the company reported strong Q4 earnings with consolidated net profit more-than-doubling to Rs 294 crore

Jindal Saw soars 9%, hits new high in a weak market on healthy biz outlook

Stocks In Focus: Whirlpool India, Honeywell Auto, Jindal Saw, Sandur and more | BQ Prime #Honeywell & #Sandur’s PAT rises 54% and 320% respectively while #Whirlpool’s PAT slips 25% year-on-year.Equinomics Research’s G Chokkalingam shares his views on buzzing stocks.

Stocks In Focus: Whirlpool India, Honeywell Auto, Jindal Saw, Sandur and more | BQ Prime

Jindal Saw’s board has also approved, in-principle, to dispose-off its subsidiary Green Ray Holdings Limited, UK along with its step down subsidiary, Derwent Sand SARL, Algeri

Jindal Saw hits new high on strong Q4 results; zooms 91% thus far in 2023

Jindal Saw Consolidated March 2023 Net Sales at Rs 5,188.04 crore, up 30.68% Y-o-Y

Jindal Saw Standalone March 2023 Net Sales at Rs 4,519.59 crore, up 37.32% Y-o-Y

Hyderabad-based Sathavahana Ispat Limited has been merged with steel pipes maker Jindal SAW through an insolvency process.

Sathavahana Ispat merges with Jindal SAW

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

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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