India's Jindal Drilling rises as co starts rig operations with ONGC

Jindal Drilling and Industries

16/10/2024 06:53

** Shares of Jindal Drilling and Industries  JNDR.NS  rise
2.4% to 617.60 rupees
    ** Co starts operations of Rig 'Jindal Supreme' with Oil and
Natural Gas Corporation  ONGC.NS  for three years
    ** JNDR set to snap a three-day losing streak, while ONGC
trades down 0.8% on the day
    ** JNDR shares still down ~16% so far this year, on track to
snap four straight years of gains
    ** YTD, BSE Oil & Gas Index  .BSEOIL  up ~31%


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))