Watch out for this multibagger small-cap stock that was locked in the upper circuit in today’s trading session!

The stock has a PE of 6.12x and generated multibagger returns of over 217 in the last 3 years.

The main indices ended the day in the green. BSE Sensex Index was up 1 per cent at a level of 59,689.31 and NSE Nifty-50 was up by 0.91 per cent at a level of 17,557.05.    

On the sectoral front, BSE Energy Index was up by 0.19 per cent at a level of 7,459.41.   

Today, one of the Top Gainers of BSE, shares of Jindal Drilling & Industries Ltd surged to Rs 297.35 per share after being locked in a 20 per cent upper circuit from its previous closing of Rs 247.80. The shares of the company also saw a spurt in volume by more than 8.24 times on BSE.  

Jindal Drilling & Industries, part of the Dharam Pal Jindal Group, is a leading Indian company in offshore drilling and allied services, including directional drilling and mud logging.   

According to the financials, Jindal Drilling & Industries has a market of Rs 861.75 crore. The net sales rose by 5.52 per cent and the net profit rose by 1,167 per cent in FY22 over FY21. The company has reduced its debt in FY22-23.  

The stock has a PE of 6.12x and generated multibagger returns of over 217 in the last 3 years. This Small-Cap energy stock should be kept under the watchlist.