Shares of Jindal Drilling & Industries surged more than 11% in intraday trade on Wednesday, May 13, as strong buying momentum and heavy trading volumes lifted investor sentiment around the stock.
At around 10:44 AM IST, Jindal Drilling shares were trading sharply higher after touching an intraday high of Rs 640, compared to the previous close of Rs 571.80.
The stock opened at Rs 589.95 and moved between an intraday low of Rs 586.30 and a high of Rs 640 during the session. Trading activity remained exceptionally strong, with live volume crossing 1.06 crore shares as investors rushed to accumulate the counter.
Despite the rally, the stock still remains below its 52-week high of Rs 759.90. However, it has recovered considerably from its 52-week low of Rs 440.10, indicating renewed investor interest.
Jindal Drilling Share Price Performance
- Previous Close: Rs 571.80
- Open: Rs 589.95
- Day’s Low: Rs 586.30
- Day’s High: Rs 640.00
- 52-Week Low: Rs 440.10
- 52-Week High: Rs 759.90
- Live Volume: 1,06,72,425 shares
Market participants will continue to watch whether the momentum sustains through the day as volumes remain elevated and buying interest stays strong in the counter.