India's United Drilling Tools rises on order worth 720 mln rupees

United Drilling Tools

01/06/2023 05:48

** Shares of United Drilling Tools Ltd  UNDR.NS  open 5.8%
higher at 214.85 rupees, their biggest pct gain since April 5
    ** Co on Wednesday said it bagged an order from Oil and
Natural Gas Corp Ltd  ONGC.NS  worth 720 mln rupees ($8.7 mln)
    ** Order for large outside diameter casing pipe with
connectors
    ** About 59,500 shares change hands by 10:11 a.m. IST, 3.4x
the 30-day avg - Refinitiv data
    ** Stock last up 2.4%, cutting YTD losses to 20.8%

($1 = 82.4371 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))