Uniparts India subsidiary wins $1.2 million order; shares down

The share touched a 52-week high of Rs 722.15 and a 52-week low of Rs 501.60 on 04 August, 2023 and 16 March, 2023, respectively.

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Uniparts India share price was trading marginally lower in the early trade on January 18 after the company’s international subsidiary won an order worth $1.2 million.

At 09:40 hrs Uniparts India was quoting at Rs 580.60, down Rs 1.05, or 0.18 percent, on the BSE.

“Uniparts Olsen Inc., a wholly owned subsidiary of the company, registered in the United States of America, has been awarded an order of USD 1.2 million from Doosan Bobcat North America Inc. on January 17, 2024, for the supply of construction equipment parts in the normal course of business,” the company said in its release.

The award is subject to execution of the purchase order, it added.

The parts will be manufactured by the company units based out of India and will be delivered to Uniparts Olsen Inc. for further sale to Doosan Bobcat North America Inc.

The said order is to be executed in one year and is expected to increase up to 5 million USD in the next 5 years.

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The share touched a 52-week high of Rs 722.15 and a 52-week low of Rs 501.60 on 04 August 2023 and 16 March 2023, respectively.

Currently, the stock is trading 19.6 percent below its 52-week high and 15.75 percent above its 52-week low.

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