United Drilling Tools - Rounding Bottom Management expects FY24 to be promising and start of year they got 72 CR order for Casing Pipes with Connectors where EBITDA margin is 35% Plus.
UNITED DRILLING TOOLS SIGNED LICENSE AGRREMENT WITH INTERPIPE UKRAINE LLC. THEY ARE EXPECTING TO TAP ADDITIONAL BUSINESS WORTH 2 BILLION RUPEES TO 3 BILLION RUPEES PER YEAR WITH THIS ALLIANCE. Full impact of this will be seen in FY25.
Stock can atleast double in next 12 months.
UNIDT trade ideas
UNITED DRILLING - FLAG BREAKOUTUnited Drilling is looking good for swing trade for target of 320 340.
The stock has just breakout from Flag pattern.
Renowned small cap investor Dolly Khanna will be having meeting with United Drilling management on 16th January. Fast move is possible after that meeting, so it is good time to accumulate at current levels.
Stock was originally recommended at 201 levels.
www.bseindia.com
United Drilling Tools - Niche CompanyThe stock is proxy to play Crude Oil. WTI Crude looks good for LONG in medium term after hitting low of around 87$. Looks like it is posied to move towards 112$.
The company is involved in manufacturing drilling of oil & gas equipments.
Keep an eye on 375 levels for tomorrow and if stays above it will see 425 435 levels in coming weeks.
Managment has given Revenue guidance of 500 CR Sales for 2025.
Ashish Kacholia Shareholding:-
Dec 2021: 2.58
March 2022: 2.63
June 2022: 2.81
He is adding shares gradually and wouldnt be suprised increased numbers in coming quarters.