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United Drilling Tools recommended @ Rs.30 about ten months back hits its life time high today and closed in upper circuit. Due to merger of some group companies and change in auditors , company could not submit its financial results of past few quarters within the stipulated time . But now company announced the result of all pending quarters . For the nine months ended December 2014 , company reported a turnover of Rs.110 Cr against last full year sales of Rs.36 Cr and a net profit of Rs.33.35 Cr ( less than 1 Cr in last full year) . On expanded equity of Rs.10.2 Cr , company reported an EPS of Rs.32 + for the nine months period . Though the stock already appreciated by more than 4 times within 10 months , risk takers can still HOLD it.
Earlier its shares shifted to 'Z' group due to non filing of financial result withing the stipulated time , but since the company filed the same in BSE now , I expect , it will return to its original group in near future Recommendation Link HERE