Bengaluru, July 7 -- Synopsis: United Drilling Tools surged by 7 percent after it secured a work order from Oil India Ltd, a publicly listed entity.

The shares of this manufacturer and the sale of Oil Drilling tools and equipment jumped by approximately 7 percent after the company announced securing a key contract from a publicly listed entity worth Rs 18 crore. In this article, we will discuss more about it in detail.

With a market capitalization of Rs 480 crores, the shares of United Drilling Tools Ltd are currently trading at Rs 236 per share, down by 20 percent from its 52-week high of Rs 294.90 per share. In the last six months, the stock has delivered a negative return of 10.43 percent.

On Monday, the company, through a stock exc...