Buy Jindal Drilling & Industries, target price Rs 283: HDFC Securities

HDFC Securities has buy call on Jindal Drilling & Industries with a target price of Rs 283. The current market price of Jindal Drilling & Industries is Rs 220.65. Time period given by analyst is six months when Jindal Drilling & Industries Ltd. price can reach defined target. .

Jindal Drilling & Industries Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 639.76 Crore) operating in Gas & Petroleum sector.

Jindal Drilling & Industries Ltd. key Products/Revenue Segments include Oil Drilling & Exploration for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 126.95 Crore, up 17.10 % from last quarter Total Income of Rs 108.41 Crore and up 9.92 % from last year same quarter Total Income of Rs 115.49 Crore. Company reported net profit after tax of Rs 23.83 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 67.42 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.3 per cent, DIIs 0.0 per cent.