Jindal Saw rises on entering into SAA with Hunting Energy Services

14 Aug 2019

Jindal Saw is currently trading at Rs. 69.30, up by 0.75 points or 1.09% from its previous closing of Rs. 68.55 on the BSE.

The scrip opened at Rs. 68.00 and has touched a high and low of Rs. 69.80 and Rs. 68.00 respectively. So far 30252 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 102.00 on 18-Sep-2018 and a 52 week low of Rs. 63.10 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 71.25 and Rs. 64.05 respectively. The current market cap of the company is Rs. 2209.50 crore.

The promoters holding in the company stood at 63.01%, while Institutions and Non-Institutions held 11.70% and 25.29% respectively.

Jindal Saw has entered into Strategic Alliance Agreement (SAA) with Hunting Energy Services PTE, Singapore (Hunting) to manufacture, market and sell products which would be based on the technology available with Hunting and the manufacturing facilities available with the Company. 

The company and Hunting have identified opportunities in oil and gas sector with premium products of Hunting.

Jindal Saw is in a commanding position in India's tubular market.

Related Jindal Saw Ltd. Links:

Jindal Saw Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323