United Drilling Tools Trades Higher on Order from Oil India

United Drilling Tools, a leading manufacturer of downhole tools, has witnessed a surge in its stock price, reaching Rs. 232.45, a gain of 7.50 points or 3.33% from its previous closing of Rs. 224.95 on the BSE. The company has secured an order worth Rs 17.64 crore from Oil India, one of India's most respected Public Sector Undertakings (PSUs) in the oil and gas sector. This significant development has contributed to the upward trend in the company's stock price.

Key Takeaways:

• United Drilling Tools has secured an order worth Rs 17.64 crore from Oil India for the supply of Line Casing Pipe and Crossover Pipe.
• The order is to be executed within 5 months, indicating a strong commitment from the company to meet its obligations.
• United Drilling Tools has a market capitalization of Rs. 472.76 crore, with a promoters' holding of 74.65%.
• Institutions and Non-Institutions hold 0.43% and 24.92% respectively, providing a diverse investor base for the company.
• The company is a leading manufacturer of downhole tools, handling tools, gas lift equipments, wire line & well service equipment in the world.

Statistics:

• Stock price: Rs. 232.45 (up by 7.50 points or 3.33% from previous closing of Rs. 224.95)
• Market capitalization: Rs. 472.76 crore
• Promoters' holding: 74.65%
• Institutional holding: 0.43%
• Non-Institutional holding: 24.92%
• Order value: Rs 17.64 crore
• Order execution period: 5 months

Sources:

• Accord Fintech Pvt. Ltd.
• Contify.com