Dipan Mehta, Member of BSE & NSE is of the view that long term players can remain invested in Jindal Drilling .
Mehta told CNBC-TV18, "If one is a long-term player then remain invested in Jindal Drilling Industries; the reason is that the industry in which the company is operating is been basically the oil and oil exploration industry and lot of investments are coming there. Most of the large player whether its Cairn Energy or ONGC or some of the private sector players who are in oil exploration have got fantastic expansion plans and huge investment plans already in place."
He further added, "So Jindal Drilling parse would not have any problem for business for the next two-three years and as and when they put more capacity and acquire more capacity and put that into play they will be able to grow their earnings well. So on historical basis appears to be slightly expensive; I think going forward one can expect good profitability coming in from the company as a whole. So remain invested in Jindal Drilling at this point of time."
