Stock Analysis: Jindal Drilling & Industries

Introduction:
Jindal Drilling & Industries, part of the Dharam Pal Jindal Group, is a leading Indian company in offshore drilling and allied services, including directional drilling and mud logging.

Fundamentals:
Market Cap: ₹ 2,533 Cr.;
Stock P/E: 19.6 (Ind. P/E: 21.07 ); 👍
ROCE: 6.52 % 👎;
ROE: 3.8% 👎;
3 Years Sales Growth: 16% 👍;
3 Years Profit Growth: 124% 👍;
3 Years Stock Price CAGR: 69% 👍
Cons: Company has a low return on equity of 5.64% over last 3 years.

• Poor cash generated from core business.
  
• Declining cash Cash Flow from Operations for last 2 years
  

Technicals:
Jindal Drilling & Industries is bullish as per the chart with 20EMA (Black line)>50EMA (Orange line)> 100EMA (SkyBlue line)>200EMA (Pink line)
Today, it gave a strong breakout with volume.
Resistance levels: 890, 940, 979
Support levels: 815, 755, 698