India's United Drilling hits upper circuit on $11.5 mln order win

United Drilling Tools

19/12/2023 09:43

** Shares of United Drilling Tools  UNDR.NS  rise as much as
20% to hit upper circuit at 290.10 rupees
    ** UNDR said it has received order aggregating to 958 mln
rupees ($11.52 mln) from state-run Oil and Natural Gas
Corporation  ONGC.NS   urn:newsml:reuters.com:*:nFWN3DE01C
    ** Stock marks sharpest intraday pct gain since Apr. 5, 2021
    ** Stock on track for a third consecutive session of gain,
if trend holds
    ** Stock is witnessing its most active trading session since
Jan. 11, 2022 with more than 739,000 shares changing hands by
2:58 p.m. IST, 23x of 30-day avg
    ** Including session's gain, stock turns positive YTD, up
7.5% 



($1 = 83.1763 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))