Saturday, January 9, 2016

Jindal Saw Ltd @ 61.80

1. Jindal Saw Ltd is a 2 rupee face value Construction & Engineering company. 

2. Year high of Jindal Saw Ltd is 92.80 year low was 51.10 and stock traded at 61.80, Year high/ low ratio is below 2 , So as my theory current price is stable for long term buy, 
 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 Saw Ltd hold 51.27 %FII hold 10.19 % and DII hold 13.66%. Promoters increase their holding from 46.27% to 48.83% in March 2015 and now promoters holding is 51.27%, I like increasing promoters holding because I think promoters knew their company well.
Short Introduction of Jindal Saw:-Jindal SAW Ltd. is the market leader  in manufacturing of large diameter submerged Arc Welded (SAW) Pipes using U-O-E, J-C-O and Helical Processes. 
The SAW Pipes are mainly used in transportation of Oil, Gas, Slurry and Water.
 Jindal SAW Ltd. as a foremost supplier of Line Pipes globally, 
Jindal SAW Pipes division continued and now has expanded to Seven (7) Pipe Mills in India and two (2) in the United States. Visit company website here:-
4. Jindal Saw Ltd  is a dividend paying company which pay 1 

rupee per year dividend since last 4 years. 
5. Base price of Jindal Saw Ltd is 70.08 So Current market price is near 14% below then base price. 
Click here to download last 3 year closing price with graph
6. No any bonus issue right issue and bulk deals is recorded in last 2 year. 
7. Jindal Saw Ltd net sale per share of Fy 14-15 is 216.76. Net sale per share is very attractive .So this stock may be our next multi-bagger in 2017 
8. Book value of Jindal Saw Ltd is 138.86 CMP is 50% below from book value so in book value concept this stock is a value buy. 
9. Overall Jindal saw is a best buy for long term due to higher book value and higher net sale per share. 
10. 200 DMA of Jindal Saw Ltd is 66.90 So at CMP 61.80  jindal saw is trading below his 200 DMA but once this stock cross price of 67 then it is rocking, long term holders advised to buy at CMP but traders advised to buy this stock when it cross 67. 
11. My recent updates :- Chandu Stock Market journey with me. 
12. 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. 
13.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 Saw 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 Saw 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 Saw Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Jindal Saw Ltd). 6. I have been not engaged in market making activity for the subject company (Jindal Saw Ltd).

36 comments:

  1. Hello Sir,

    Please let me know whether I can average SBI at this CMP 204? I'm already holding 500 shares at 238. I'm a long term investor.

    Thank you
    Kishore

    ReplyDelete
    Replies
    1. No sir , I do not recommended to average any stock because if you have fresh money then invest it in a new stock instead of average out why? see this youtube video:-
      Average Out is wrong

      Delete
    2. Thank you for your reply, Sir. I started following your stocks and investing 5000 on recommended stocks. I'm traveling with you in 2016 hope we see the best.

      Delete
  2. Hello sir....
    I m a big fan of u.
    One of my friends identify a stock..JAIN IRRIGATION.
    Join irrigation
    Net selling per share is 95.72
    [14:56,
    No bulk deal
    [14:57,
    Good promoters holding
    Average Base price is
    41.40

    [14:58
    Devediend history is nice
    High:low 1.56

    suggest sir is it right stock for buying..
    Waiting for your valuable reply
    thnx

    ReplyDelete
    Replies
    1. Jain Irrigation Promoters holding is 28.73% and they pledged his 26.99% , Selling is down, so low promoter holding with 26.99% pledged stock is a concern and my view is negative.

      Delete
  3. Maharashtra seamless ltd
    Base price 217.41
    Sale per share 202.26
    No bulk deal
    Dividend providing
    Promotor holding 58.84
    Cmp 159.7
    Low 138.5
    High 234.85
    H/L ratio 1.695

    ReplyDelete
  4. Hello Sir,
    Again it's me what is your view on "Time Technoplast Ltd.". Is it going to be a multi bagger? I'm investing in this stock in SIP basis monthly 20 shares.

    Thank you
    Kishore

    ReplyDelete
  5. Great, It seems most of good construction and engineering companies are stable for 2017 multi baggers.

    ReplyDelete
  6. Sir, what is your view on sintex indistries . Promotor holding in the company is decreased.

    ReplyDelete
    Replies
    1. Continue reducing promoters holding is really a concern so please avoid it

      Delete
  7. Sir,

    How do you calculate the base price?

    Ashish

    ReplyDelete
  8. MMTC
    face value 1
    H/L 1.65

    Cmp 43.35
    Base price 100.26
    Net sale/share 182.84
    Book value is less 13.59
    Promoter holding 89.93
    no pledge


    DEAR SIR...guide me ...I m doing right. How it is?
    Thenx
    I m learning through your valuable site

    ReplyDelete
    Replies
    1. You are doing right and I already publish an article about MMTC

      Delete
  9. Dear Mahesh ji, Do you think the very high Debt of Jindal saw is a big negative? Thanks deepak

    ReplyDelete
    Replies
    1. No untill pledged share I can not consider debt as negative

      Delete
  10. Hi Mahesh Ji,
    Please provide your views on JayShreeTea.
    current price 73.85, base price 84.58, high/low 1.59, target price 237, no bulk deal and pledge share 2.38%

    Thanks,
    Nitin

    ReplyDelete
    Replies
    1. Jay shree tea is already published on this blog here
      Jay Shree Tea
      or this stock is still good to buy

      Delete
  11. Hi sir,
    please give some advice for selecting stock on the basis of share holdings.
    what should be the ideal promoters holding in any company

    ReplyDelete
  12. jindal saw has dropped to 45 from 60. should i buy more or sell for loss.

    ReplyDelete
    Replies
    1. If you follow chandu style then not to average out and not to sell just hold in small quantity read full chandu story here:-
      Chandu style of investment

      Delete
    2. Sandeep panghal ji thank you for reply

      Delete
  13. Hello sir,
    Please share your comments on NFL on the current price.

    ReplyDelete
  14. Hello sir,
    Please share your comments on NFL on the current price.

    ReplyDelete
  15. Hello Sir,

    I bought Jindal Saw Ltd. according to Year high/ low ratio is below 2 but market is down and it is above the 2 then what should we do?

    ReplyDelete
    Replies
    1. If you buy it for trading purpose then as my theory of reverse trading system you must sell it on 46.20 ( when year high/low ratio cross over 2) but personally I buy stocks in samll quantity and for investment view so I still hold 100 share of Jindal Saw and do not worry to see temporary fall in prices and do not average out, if I have fresh money I always invest it in a new stock.

      Delete
  16. how to calculate book value of share, please create a video

    ReplyDelete
  17. how to calculate book value, please share with video clip

    ReplyDelete
  18. Jindal Saw is consistently going down. Do you think it is still a good buy?

    ReplyDelete
    Replies
    1. No problem , When Iron share perform then I think jindal saw is also perform

      Delete

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disclaimer:-Trading in stock market is very risky. This website is not perfect. This is not an advisory service to buy or sell. The contents of “maheshkaushik.com” are only for educational purposes. No liability is accepted for any content in “www.maheshkaushik.com”. Subject to pindwara(india) jurisdiction only. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice.. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, author of this website is not a trend technical analyst.