Stocks

Jindal Drilling rallies over 16%

Reuters | Updated on August 14, 2018 Published on August 14, 2018

Shares of Jindal Drilling and Industries Ltd jumped as much as 16.2 per cent, their biggest gain since March 22 on strong results.

The company has reported an 81.9 per cent jump in June-quarter profit at Rs 9.93 crore ($1.42 million). Q1 income from operations rose 33.4 per cent to Rs 53.16 crore.

Jindal Drilling has appointed Raghav Jindal as the new Managing Director. More than 357,000 shares traded vs 30-day average of 32,059 shares. The stock had fallen 30 per cent this year as of its last close.

Published on August 14, 2018
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