109.25 -0.05 (-0.05%) Sell

Looking to invest in JINDRILL? Look for alternatives because it underperformed broader market

13 min read

JINDAL DRILLING IND. LTD underperformed broader market on Tuesday. It fell by -0.05% to close at 109.25 which is it's 52 week low, down -47% from it's 52 week high.

[Themes containing JINDRILL]

JINDRILL showed a bearish trend over the last 3 months. During this period JINDRILL fell by -6.22% and saw a maximum drawdown of -17.01%. There was a short signal during this period which returned +6.22%.


JINDRILL has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 18 Oct, 2016 to 21 Jan, 2019. Over the last 3 years and 1 month, JINDRILL underperformed the NIFTY-50 index on 56% days.

During the last three months JINDRILL was mostly loss making and delivered on average -0.09% per day. It's best return during this period (of +5.63%) was on Friday, 2 Nov, 2018. While it's worst loss in the same period (of -3.53%) was on Monday, 26 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 14 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -7.16% of investor capital.

During the last year JINDRILL had 2 profitable months and 10 loss making months. JINDRILL returned profits in fewer months than NIFTY-50 index. JINDRILL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -15.06% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JINDRILL had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Sep 2018 to Jan 2019) during which period it delivered -19.36%. It is interesting to note that both JINDRILL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Never invest emergency savings in the stock market.
-- Suze Orman

JINDRILL is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant surge in JINDRILL's volatility from 23 Oct, 2018 to 22 Nov, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that JINDRILL has significant negative skewness in it's return distribution. This indicates that JINDRILL is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than JINDRILL. Therefore, NIFTY-50 must receive a lower allocation than JINDRILL in your portfolio. NIFTY-50 index usually has shorter drawdown period than JINDRILL.

On a general note (since you are interested in JINDRILL), VINATIORGA is a small cap that deserves to be closely tracked for investment opportunities.

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