Jindal Saw Ltd

Jindal Saw Ltd manufactures;- LSAW pipes, HSAW pipes, DI pipes, seamless pipes and pellets.
Jindal SAW Ltd. is the market leader capacity wise in manufacturing of large diameter Submerged Arc Welded (SAW) Pipes using U-O-E, J-C-O and Helical processes with 2.13 Million MTPA. The SAW Pipes are mainly used in transportation of Oil, Gas, Slurry and Water.
DI PIPES & FITTINGS, Company also manufactures and markets of Carbon, Alloy, Stainless Steel Seamless and Welded Pipes & Tubes with total Capacity of more than 4,25,000 MTPA.

Industrial Revenue Split 9MFY24[4]
Water sector ~68% / Oil and gas ~28% / industry and other sectors ~4%

The order book includes ~35% of orders from global markets.

Clientele :- ONGC, Oil India, GE, Thermax, Godrej, SKF, Petrofac, L&T, Proclad for ADNOC, etc.

Now the point is Previous Breakout Zone 193 INR.
Current price 246 INR
& New Accumulation zone 244-233 INR.

I will wait for a retest breakout zone, so price reached at support zone after a new accumulation level. Then I will enter for a bounce &take fresh entry for long.