Jindal Drilling spurts after ONGC order

Jindal Drilling & Industries rose 14.71% to Rs 82.65 after the company said it won a contract from ONGC for charter hire of offshore drilling rig for three years.

The announcement during market hours today, 15 October 2019.

Meanwhile, the S&P BSE Sensex was up 231 points or 0.60% to 38445.18.

On the BSE, 8,387 shares were traded in the counter so far compared with average daily volumes of 746 shares in the past two weeks. The stock hit a high of Rs 84.8 and a low of Rs 76.2 so far during the day.

The stock hit a 52-week high of Rs 139.3 on 02 Nov 2018. The stock hit a 52-week low of Rs 60 on 23 Aug 2019.

 

On a consolidated basis, Jindal Drilling & Industries reported a net loss of Rs 10.77 crore in Q1 June 2019 over a net profit of Rs 11.95 crore in Q1 June 2018. Net sales slumped 40.6% to Rs 31.58 crore in Q1 June 2019 over Q1 June 2018.

Jindal Drilling & Industries is engaged in providing services to entities involved in exploration of oil and gas. The company is engaged in providing drilling and related services.

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