Government revises jute bag prices; Cheviot to gain about 19 crore rupees

Govt Defence OrderBusiness Updates View source PDF Explain this filing

CHEVIOT · price

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

+0.3%Reaction day

₹1070.00

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.3%+2.6% vs market

Paper Forest & Jute Products peers, median of 23sector · industry level-2.3%+2.5% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 2.5 pts more than its Paper Forest & Jute Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.3-2.3+2.6-2.3+2.5

Next day

-0.3-1.9+1.7-1.7+1.4

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+0.2pendingpending-0.2+0.4

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UpDownMarket · Nifty Microcap 250Sector · Paper Forest & Jute Products peers, median of 23Pending

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

AI summary

The Office of the Jute Commissioner, Ministry of Textiles, has revised the maximum ex-factory prices of 580 gms B-Twill Sacking jute bags supplied to State Procurement Agencies. The revision covers supplies made by Cheviot between January 2021 and December 2023. The company expects about 19 crore rupees increase in sales realization from this price change. All other terms of existing orders remain unchanged.

Likely market impact

Positive; about 19 crore rupees one-time boost to sales realization from past government jute bag supplies.