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Home/🇮🇳 India/Anand Rathi initiates Buy on Jindal Drilling with Rs 960 target

🇮🇳 India

Anand Rathi initiates Buy on Jindal Drilling with Rs 960 target

Mmarket.newsApr 28, 20260AI-Synthesized

The Quick Take

Anand Rathi set a Buy rating on Jindal Drilling & Industries with a target price of Rs 960 (report: Apr 22, 2024)
No current market price disclosed in the report, limiting implied upside calculation from available data
Anand Rathi is the sole analyst firm on record with a bullish call on the stock as of this report
Investors will watch for additional brokerage coverage or earnings updates to validate the Rs 960 target
India's oil & gas drilling sector remains strategically relevant amid global energy diversification away from Russian supply

Synthesized from 1 source — full coverage, sentiment breakdown, and forward signals below.

AI Indicators

Market Intelligence Panel

Sentiment

Bullish

🟢 1⚪ 0🔴 0

Coverage

live

source covering this story

T1: 1T2: 0T3: 0

Live Price

NSE:NIFTY

📊 Key Numbers

Guidance$960

🌍 India / Asia Angle

Jindal Drilling operates in India's upstream oil services sector, which benefits from ONGC and Oil India's expanding domestic drilling programmes. Rising domestic energy demand and India's push for energy self-sufficiency could support drilling service providers like Jindal over the medium term.

🌊 Ripple Effects

▸Indian oil services & drilling sector — positive sentiment may lift peer stocks such as ABAN Offshore and Deep Industries
▸ONGC/Oil India capex cycle — increased analyst interest in drillers signals expectation of sustained upstream spending in India
▸Indian midcap energy index — a bullish broker call on a niche driller could attract retail and HNI flows into the broader energy midcap segment

🔭 What to Watch Next

PRO

▸Anand Rathi follow-up research or price target revision — monitor for Q1 FY25 earnings-triggered updates post June 2024
▸Jindal Drilling's quarterly results — revenue and order book disclosures that would validate or challenge the Rs 960 price target
▸ONGC and Oil India drilling contract announcements — any new tender awards would be a direct positive catalyst for Jindal Drilling's earnings visibility

Market news synthesis. Not financial advice. Sources cited above.

Timeline

How the Story Spread

1 publishers · 1 time windows

Apr 23, 6:00 AMNow · 737d ago

+1 source · total: 1

Moneycontrol Markets

All Sources

1 publisher covering this story

● Tier 1: 1

AI synthesis of every source listed below. Tier 1 = wire services (AP, Reuters via wire, Bloomberg, official central banks). Tier 2 = major financial publishers. Tier 3 = niche / specialist outlets. Click any card to read the original article.

● Tier 1 — Wire & primary sources

Moneycontrol MarketsTIER 1moneycontrol.comApr 23, 2024

Buy Jindal Drilling and Industries; target of Rs 960: Anand Rathi

Anand Rathi is bullish on Jindal Drilling and Industries has recommended buy rating on the stock with a target price of Rs 960 in its research report dated April 22, 2024.

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