Aarvi Encon bags INR 30.63 Cr order from Mahanagar Gas for CNG station operations

Business Updates View source PDF Explain this filing

AARVI · price

Loading chart…

▲ 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

-1.1%Reaction day

₹156.89

prior close

₹154.44

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-1.7% vs market

Diversified Commercial Services peers, median of 72sector-0.1%-1.0% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.0 pts less than its Diversified Commercial Services 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

+1.6

10m

+1.8

15m

+1.1

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.5-1.7-0.1-1.0

Next day

-2.8+0.8-3.6+0.0-2.8

-2.3+1.0-3.4+0.2-2.5

-2.8+0.6-3.4-0.3-2.5

-4.4+1.2-5.6-0.1-4.3

-7.2+0.9-8.1+0.0-7.2

-9.4+1.6-10.9-0.0-9.3

15d

-8.4+1.9-10.3-1.1-7.3

-13.3+0.8-14.1-1.3-12.0

-15.6-5.7-9.9-7.5-8.1

—————

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 72Pending

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

AI summary

Aarvi Encon Limited received a work order from Mahanagar Gas Limited valued at INR 30.63 crore (excluding taxes) for providing manpower services for CNG station operations. The contract runs for 3 years from September 1, 2026 to August 31, 2029. MGL is a leading city gas distribution company serving Mumbai and adjoining areas.

Likely market impact

Provides multi-year revenue visibility and strengthens presence in the energy sector manpower services segment.