Jindal Saw Ltd (JINDALSAW)

Nippon India Small-cap Fund and Cresta Fund Acquire Stakes in Jindal Saw - 16 May, 2024

Nippon India Small-cap fund and Cresta Fund have acquired stakes in Jindal Saw via bulk deals. Nippon India bought a 0.56% stake, while Cresta Fund purchased a 0.62% stake at an average price of Rs 541.45 per share. Jindal Saw manufactures pipes for the energy transportation sector.

Jindal Saw Ltd Reports Strong Q3FY24 Results and Multibagger Returns - 15 May, 2024

Jindal Saw Limited has reported a low PEG of 0.14 and delivered multibagger returns of 216% in a year. Its Revenue from Operations grew by 9.65% from Rs. 5,158 Crores in Q3FY23 to Rs. 5,656 Crores in Q3FY24, accompanied by profits of Rs. 143 Crores to Rs. 512 Crores.

Societe Generale and ITI Mutual Fund buy stake in Jindal Saw Ltd via Block Deal - 13 May, 2024

Societe Generale and ITI Mutual Fund have bought a stake in Jindal Saw Ltd through a Block Deal, with the company's stock gaining nearly 25% YTD. The company reported underperforming numbers for Q4FY24 but has an order book of around $1.5 billion, with 70% orders from domestic sources and the remaining 30% from exports. The company expects its volumes to grow at 10-15%, along with market-driven pricing.

Jindal Saw to Increase Dividend by 33% - 11 May, 2024

Jindal Saw Limited will increase its periodic dividend to Rs. 4.00, a 33% increase from last year's Rs. 3.00. The company easily earns enough to cover the dividend and is reinvesting earnings back into the business. Earnings per share are forecasted to rise by 23.1% over the next year.

Jindal Saw Reports Strong FY 2024 Earnings - 09 May, 2024

Jindal Saw reported a strong FY 2024 with an 18% YoY increase in revenue and a 165% YoY increase in net income. The profit margin also increased to 7.9%. However, the company's shares are down 4.2% from a week ago. Looking ahead, Jindal Saw forecasts a 7.2% p.a. growth rate for the next two years.

Jindal Saw Reports Strong Financial Results Despite Market Decline - 08 May, 2024

Jindal Saw reported a significant jump in its FY24 PAT and recommended a dividend of Rs 4 per share. The company's Q4FY24 net profit grew by 61.5% YoY, while revenue from operations increased by 4.6%. However, the stock fell by 6.67% due to market decline.

Jindal Saw to Announce Q4 Results - 07 May, 2024

Jindal Saw Ltd is set to announce its financial results for the fourth quarter of FY24 on May 7, along with several other companies.

Jindal Saw Ltd Share Price Expected to Reach Rs. 590 - 25 Apr, 2024

Traders can go long on Jindal SAW at around Rs. 534 with a target price of Rs. 590 over the next two-three weeks, according to analysts. Accumulate on dips at Rs. 524 and keep stop-loss at Rs. 495 initially.