India's Jindal Saw hits over 10-month low

Jindal Saw

21/06/2018 06:01

** Shares of Jindal Saw Ltd  JIND.NS  drop nearly 6 pct to
87.1 rupees, their lowest since Aug 11, 2017
    ** Stock posts biggest intraday pct loss since June 5
    ** The U.S. Commerce Department on Wednesday said it finds
welded pipe from four countries, including India, subsidized and
that it was imposing preliminary duties that could top 500
percent  urn:newsml:reuters.com:*:nL1N1TM22H
    ** Imports of large-diameter welded pipe in 2017 were valued
at an estimated $294.7 mln from India - U.S. Commerce Department
    ** Jindal Saw posted sales of large-diameter saw pipes of
about 535,000 MT for full year ended March 2018
    ** Stock down 34 pct this year, up to Wednesday's close

 ((Reuters Messaging:
vishal.sridhar.thomsonreuters.com@reuters.net))