Ceigall is lowest bidder for GMADA road works tender

Govt Defence OrderBusiness Updates View source PDF Explain this filing

CEIGALL · price

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

+1.3%Reaction day

₹270.45

prior close

₹278.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.8%+0.6% vs market

Civil Construction peers, median of 88sector+1.0%+0.4% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.4 pts more than its Civil Construction 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

-0.8

10m

-0.5

15m

-0.6

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.8+0.6+1.0+0.4

Next day

+3.1+1.3+1.8+1.6+1.6

+2.3+2.0+0.4+1.7+0.6

+2.9+1.7+1.2+2.0+1.0

+2.2+2.1+0.1+1.8+0.3

+3.5+1.3+2.2+1.5+2.1

+0.2+0.7-0.5-0.3+0.5

15d

-2.1-1.6-0.5-2.4+0.3

-7.8-1.7-6.2-2.9-4.9

-8.8-0.2-8.6-5.0-3.9

-14.3-5.4-8.8-10.7-3.5

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 88Pending

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

AI summary

Ceigall India has emerged as the lowest evaluated bidder for GMADA's Aerotropolis road project in S.A.S Nagar. The item-rate tender is valued at Rs 509.20 crore including GST, against an estimated project cost of Rs 467.93 crore. It covers civil, public health and electrical work for Pockets B, C and D, with a 24-month construction period and 36-month defect period.

Likely market impact

Positive for the order book and revenue visibility if the contract is formalised, but execution and margin risks remain.