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Jjindal saw's new joint venture with American company Hunting energy services 51: 49% has made profit in very 1st quarter . It is a import substitution product. Currently worth $ 200 million is imported in India. As the Plant is working at 80 % capacity , it will soon replace imports as it is ias per govt's initiative Make in India. So in the future jindal saw's profitability is bound to increase considerably. Then its rate can be comparable to Ratnamani metal and Tubes . This is an additional important point which will take jindal saw high in next 3-6-9 months. I will stop futures trading due to current uncertain conditions and invest in cash shares looking in to opportunities created by fall in prices due to operators move in stocks which exhibited very good performance in recent quarters. who takes the early entry will be tremendously benefited.
