India's United Drilling rises on $3 mln order win

United Drilling Tools

12/07/2023 08:27

** Shares of United Drilling Tools  UNDR.NS  up as much as
13.22% to 234.7 rupees, their highest since May 29
    ** The drilling products manufacturer hits sharpest intraday
pct gain since April 3; on track for second consecutive session
of gains if trends hold
    ** Co said it was awarded international order worth 250
million rupees ($3.04 million) 
    ** About 387,330 shares change hands as of 12:51 p.m. IST,
vs 3.6x 30-day average of 108,097 shares 
    ** Stock down 21.3% this year as of last close

($1 = 82.2988 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))