India's Jindal Drilling rises on strong Q1 results; appoints new MD

Jindal Drilling and Industries

14/08/2018 06:07

** Jindal Drilling and Industries Ltd  JNDR.NS  shares up as
much as 16.2 pct, their biggest gain since March 22. 
    ** Co reported an 81.9 pct jump in June-qtr profit to 99.3
mln rupees ($1.42 million)  urn:newsml:reuters.com:*:nBSE6JVzhJ
    ** Co's Q1 income from operations rose 33.4 pct to 531.6 mln
rupees.  
    ** More than 357,000 shares traded vs 30-day avg of 32,059
shares
    ** Co appointed Raghav Jindal as MD 
    ** Stock has fallen 30 pct this year as of its last close

($1 = 69.8350 Indian rupees)

 ((Reuters Messaging:
abinaya.vijayaraghavan.thomsonreuters.com@reuters.net))