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Jindal Saw rises on bagging order worth Rs 1,000 crore

24 Nov 2011 Evaluate

Jindal Saw is currently trading at Rs 114.50, up by 1.10 points or 0.97% from its previous closing of Rs 113.40 on the BSE.

The scrip opened at Rs 111.25 and has touched a high and low of Rs 116.00 and Rs 109.00 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 210.83 on 18-Jan-2011 and a 52 week low of Rs 102.13 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs 127.00 and Rs 109.00 respectively. The current market cap of the company is Rs 3132.42 crore.

The promoters holding in the company stood at 46.00% while Institutions and Non-Institutions held 33.24% and 20.76% respectively. 

Jindal Saw has secured order worth about Rs 1,000 crore for supply of large diameter pipes (L saw pipes) and ductile iron pipes for various export markets. These orders are scheduled to be executed gradually in next 12 months.

The receipt of these orders reflect the company’s focus in export markets, which at present offers better margins then domestic market.

Jindal Saw is a part of $12 billion OP Jindal Group, the fourth largest industrial house in India. The group also has the distinction of having global footprints.

Jindal Saw Share Price

239.05 -6.05 (-2.47%)
24-Apr-2026 11:29 View Price Chart
Peers
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