Advait unit signs 1 GWh LFP cell supply deal with Hithium

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ADVAIT · price

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

-2.4%Reaction day

₹1909.70

prior close

₹1870.00

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.6%-0.9% vs market

Other Electrical Equipment peers, median of 52sector-1.5%-1.0% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Electrical Equipment 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

+0.3

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15m

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30m

-0.1

Sessions after the filingfrom the prior close

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Reaction day

-2.4-1.6-0.9-1.5-1.0

Next day

-0.0-0.6+0.5-0.8+0.7

-1.9-0.8-1.0-1.9+0.1

-2.7-2.1-0.6-2.8+0.1

-3.4-2.1-1.3-2.9-0.5

+2.6-0.8+3.5-1.9+4.6

-2.0-3.8+1.8-4.2+2.2

15d

-12.2-6.9-5.3-8.6-3.6

-11.6-8.0-3.6-10.2-1.4

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 52Pending

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

AI summary

Subsidiary Advait Battery Ecosystems (ABEPL) signed a Master Supply Agreement with Hithium, a BloombergNEF Tier 1 energy storage maker, for up to 1 GWh of 314 Ah LFP prismatic battery cells over the next year. Cells will feed ABEPL's upcoming 2.5 GWh BESS assembly plant in Gangad, Gujarat, nearing commercial production for utility-scale, commercial and industrial storage.

Likely market impact

Secures key cell supplier for BESS plant ramp-up; supports revenue growth as facility nears commercial production.