Aakash Exploration Services Limited has informed the Exchange about Awarding of order(s)/contract(s)

Govt Defence OrderBusiness Updates View source PDF Explain this filing

AAKASH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+7.6%Reaction day

₹12.42

prior close

₹12.73

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+7.3% vs market

Oil peers, median of 14sector · industry level+0.0%+7.5% vs sector

On the reaction day the stock moved 7.3 pts more than Nifty Microcap 250 and 7.5 pts more than its Oil peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.3

10m

+2.1

15m

+2.5

30m

+2.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.6+0.3+7.3+0.0+7.5

Next day

+3.9+0.8+3.1+0.1+3.8

-2.7+2.7-5.3+1.3-4.0

-7.4+2.7-10.1+0.5-7.9

-12.1+3.2-15.3+0.4-12.5

-16.5+4.1-20.6+0.2-16.7

-8.1+4.0-12.1-0.7-7.3

15d

-19.4+4.4-23.8-1.9-17.5

-18.8+5.4-24.3-0.6-18.3

-12.3+1.5-13.9-2.8-9.5

-19.6+3.3-22.9-6.3-13.3

UpDownMarket · Nifty Microcap 250Sector · Oil peers, median of 14Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aakash Exploration Services has received a Letter of Award from Oil India Limited, a government PSU under the Ministry of Petroleum and Natural Gas. The contract is for providing High Pressure (HP) Mobile Boiler along with ancillaries to generate high-quality steam for cyclic steam stimulation used in heavy oil production at Oil India's operational area in Rajasthan. The contract is a domestic service order valued at approximately ₹33.70 Crores, to be executed over a period of 2 years. There are no related party interests involved.

Likely market impact

This is a sizeable new order from a prestigious government client, providing revenue visibility for 2 years and strengthening the company's order book. Positive for the stock as it confirms business momentum with a PSU client, though the stock reaction will depend on order size relative to the company's overall revenue base.