United Drilling Tools surges on bagging order worth Rs 16.14 million
United Drilling Tools is currently trading at Rs. 214.20, up by 6.65 points or 3.20% from its previous closing of Rs. 207.55 on the BSE.
The scrip opened at Rs. 211.80 and has touched a high and low of Rs. 214.25 and Rs. 210.95 respectively. So far 1774 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 294.90 on 12-Dec-2024 and a 52 week low of Rs. 195.40 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 233.45 and Rs. 204.55 respectively. The current market cap of the company is Rs. 434.89 crore.
The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 0.58% and 24.78% respectively.
United Drilling Tools has been awarded an order valued at Rs 16.14 million from Cactus for oil services in Libya. The awarded order pertains to the supply of injection pressure operation gas lift valves and side pocket mandrels, which are critical components for artificial lift systems in oil wells. These components will be delivered over a period of three months.
With a focus on innovation, the company continues to lead with its cutting-edge solutions, supporting operations across various geographical markets, including the Asia, Middle East, Africa and beyond.
United Drilling Tools is the leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world.
