All you need to know to invest in Jindal stocks today

Shares of Jindal SAW Ltd, a midsized maker of transport pipes, surged nearly 15 percent in late afternoon deals on Monday after the company reported a strong set of earnings.

Jindal SAW said its first quarter Net Profit nearly doubled to 104 crore rupees compared with 55 crore rupees in the year ago quarter. Sales during April-June gained 66 percent to 1,912 crore rupees from 1,149 crore rupees in the year ago period. Jindal SAW said it had an outstanding order book position of $1 billion.

Jindal SAW surged 15 percent, or 9.7 rupees, to 75.60 rupees on the National Stock Exchange, where a whopping 1.1 crore shares were traded compared with the 5-day average of 6.7 lakhs.

Jindal SAW's market capitalisation has fallen 11 percent in the past one year to just 2,000 crore rupees.

(Image credits: jindalsaw)