In Focus: Growth in The Pipelines

Based on the January 2007 portfolios of domestic mutual funds, Jindal Saw Ltd (JSL) (Idirect Code: SAWPIP) was among the most bought mid-cap stocks with fund houses investing a net Rs 118 crore in the scrip. The company posted a 49.5 per cent growth in its third quarter results, on the back of a net profit of Rs 60.13 crore for the quarter ending December 31, 2006 compared to Rs 40.21 crore for the quarter ended December 31, 2005. JSL operates through four strategic business units (SBU) namely SAW pipes, Ductile Iron spun pipes (DI), seamless tubes and US operations. The firm operates as an ancillary to the infrastructure

This article was originally published on March 01, 2007.