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Smallcap stock jumps 6% after it receives order worth $4,82,444 from Taiwan

Leading drilling tools manufacturer secured its first overseas order from Taiwan, valued at $482,444, for advanced drilling equipment, marking a key milestone in its international expansion across Taiwan, Thailand, and China.
Smallcap stock surges 6% after securing $482,444 order from Taiwan for advanced drilling equipment.
Smallcap stock surges 6% after securing $482,444 order from Taiwan for advanced drilling equipment.

Introduction:

Prominent drilling tools manufacturer has secured its first overseas order from Taiwan, valued at $482,444, for advanced drilling equipment. This marks a significant milestone in the company’s international expansion, with deliveries scheduled across Taiwan, Thailand, and China.

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Share price movement of UDTL:

On January 14, 2025, United Drilling Tools Ltd opened at ₹242.00, up 2.24% from its previous close of ₹236.70. The stock reached a high of ₹269.05 (13.64%) and a low of ₹233.00. By 4:00 PM, it traded at ₹248.10, a 4.82% increase, with a market cap of ₹503.72 crore.

UDTL Secures First Overseas Order from Taiwan:

United Drilling Tools Ltd. (UDTL) has secured its first overseas order from Taiwan, valued at $482,444, through Magitech International Limited. This order includes the supply of Survey Line Winch and Integral Blade Stabilizers, key tools for advanced drilling operations.

The order is set for delivery over six months and aligns with UDTL’s commitment to meeting client requirements efficiently. UDTL’s success in Taiwan reflects its strong market analysis and ability to adapt products to local demands, marking a significant milestone in the company’s international expansion.

Magitech International Limited, a prominent service provider in the drilling industry, will utilize UDTL’s products for various projects across Taiwan, Thailand, and China. UDTL is focused on expanding its footprint in Asia and exploring additional global markets for future growth.

Ace investor holding in UDTL:

Shashank S. Khade

Shashank S. Khade holds a 1.18% stake in United Drilling Tools Ltd., amounting to 239,493 shares valued at ₹5.9 crore. This investment highlights his significant ownership in the company, contributing to its shareholder base.

Stock performance of UDTL for Period of 1 week, 6 months and 1 year:

Over the past week, United Drilling Tools Ltd. has seen a decline of 6.83%. The company showed a slight growth of 0.15% over the past six months, but experienced a 17.2% drop over the last year.

Also Read: Electric equipment stock jumps 4% after it receives order from Adani Energy for transmission lines

Shareholding pattern of UDTL:

All values in %Dec 2024Sep 2024Jun 2024
Promoter74.70%74.70%74.70%
FII0.60%0.70%0.60%
DII0.00%0.00%0.00%
Public24.80%24.70%24.80%
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About UDTL:

UDTL (NSE: UNIDT), established in 1985, is a leading manufacturer based in Noida, specializing in large OD casing pipes, wireline equipment, gas lift tools, and downhole tools. The company adheres to ISO & API standards and holds numerous patents and trademarks.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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