(Originally I Posted this recommendation on 17 March 2016 @127.40 after that recommendation stock made new high 216.55 on 19 Oct 2016, most of my followers book profit but now stock again in buying range so here on 27 Dec 2017 @ 167 I updated again this 2-year-old research report for fresh buy)
1. Jindal Drilling & Industries Ltd is a 5 rupee face value Drilling, Oil Exploration & Production company.
2. Year high of Jindal Drilling & Industries Ltd is 186.30 year low was 102.60 and stock traded at 127.40, (Update 27 Dec 2017 Year High=189.75, Year Low=137.05) Year high/ low ratio is below 2 as per my rule of stock screening I think price of Jindal drilling is stable., If you are new reader of my blog and not familiar with my research terms then please see my research terms at this link
3. Promoters of Jindal Drilling & Industries Ltd hold 63.71% % FII hold 0.08 % and Bodies corporate hold 20.23% stocks%. Promoters holding is sound with nil pledged stocks. (Update 27Dec 2017:- Promoters Holding Now Increased to 64.28% Increasing Promoter Holding Is A Great Sign)
See FII &DII Promoters Holding Under This Link
FII &DII Link
See FII &DII Promoters Holding Under This Link
FII &DII Link
4.Jindal Drilling & Industries Ltd pay 0.50 per share dividend since last 5 years.
5. The base price of Jindal Drilling & Industries Ltd is 179.40 So CMP is 28.98% below from base price. I think this price ( Near 110-140) is best for the long-term buy. (Update:- Base Price On 27 Dec 2017 Is 158.90 So stock just crossed his base price from downside to upper side)
6. No any bonus issue right issue and bulk deals are recorded in last 2 year.
7. Jindal Drilling & Industries Ltd net sale per share of FY 14-15 is 153.50.
(Updated Net Sale Per Share On FY 16-17 is 128.22)
8. Net sale per share is 20% above from market price so I think this stock has potential to give good returns.
(Update 27 Dec 2017:- Net Sale Per share is down year by year this is the negativetive concern for me but due to recent breakout above 200 DMA I think something new happens with stock.)
9. The book value of Jindal Drilling & Industries Ltd is 279.28 So in book value term this stock is traded below book value and will be a value buy.
(Update:- 2017 book Value is 583.06)
You can easily calculate fundamental target price of a stock with help of my book, see chapter 5 (page 28) of my book or if you do not buy my book yet then visit this link for understanding how to calculate fundamental target price of a stock.:-
8. Overall I think Jindal drilling is a best multi-bagger dividend-paying value buy for long-term holding.
9. 200 DMA of Jindal Drilling & Industries Ltd is 136.31 and at CMP 127.40 This stock is traded below his 200 DMA, So please do not buy it for a trading run this stock is good long-term holding pick and not good for trading.
(Updated DMA's On 27 Dec 2017:-
Simple Moving Averages
| DAYS | BSE | NSE |
| 30 | 157.71 | 157.52 |
| 50 | 158.39 | 158.11 |
| 150 | 158.33 | 158.25 |
| 200 | 161.07 | 160.94 |
10. My recent updates:- Download free updated data bank of all Indian stocks (updated in Sept 2017).
11. Disclaimer:- This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog.
12.Discloser:- I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Jindal Drilling & Industries Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Jindal Drilling & Industries Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Jindal Drilling & Industries Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Jindal Drilling & Industries Ltd). 6. I have been not engaged in market making activity for the subject company (Jindal Drilling & Industries Ltd).
It is interesting to know that I am also following my own recommendations so after 19 days of my earlier report on 5 Apr 2016 I buy 40 shares of JDIL @ 126.40 stock going to 216.55 on 19 oct 2016 and my holding is in 3600 rupees profit but I do not book profit because I book profit after 1 year holding and get only tax free gains, so I book profit on 6 Apr 2017 @ 169 and get 1700 rupees tax free profit, No problem for me because in many stocks I got 200% 500% 1000%+ profits after 1 year holding so 30% tax free gain not bad, now I also buy again after 5 days of this recommendation.
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