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 company has completed the acquisition of 10 lakh equity shares at Rs 10 apiece for a total cash consideration of Rs 1 crore.

Jindal Saw Shares Rise After Acquiring 100% Stake In Sathavahana Ispat

Jindal Saw (391 basis points), Celebrity Fashions (368 basis points) and KPIT Tech (316 basis points) were a few other stocks where FPIs increased their stakes by at least 300 basis points in the March quarter sequentially.

KPIT Tech, Tanla Platforms, ITC, Vaibhav Global, Kalyan Jewellers: Stocks where FPIs upped stakes despite Q4 selloff

“The resolution plan shall be binding on the Corporate Debtor, its employees, members, and creditors, including the Central Government, any State Government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors an…

Jindal Saw’s bid to acquire Sathavahana Ispat okayed

In the smallcap segment, 36 stocks gave double-digit weekly returns. These include popular names such as Olectra Greentech, Kirloskar Oil Engines, Mangalore Chemicals, SeQuent Scientific, Jindal Saw, Usha Martin, Titagarh Wagons, Dishman Carbogen, Jindal Stainless, and South Indian Bank.

Sensex frowned upon bear party, but 36 smallcaps went on joyride last week

The company said that the future of the global steel pipe market looks promising with opportunities in oil and gas, water and wastewater, power generation, automotive, and other industrial sectors

Jindal Saw hits over 5-year high; zooms 94% in 3 months on healthy outlook

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