Cosmic CRF wins Rs 21.12 crore domestic steel order
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On the reaction day the stock moved 8.5 pts less than Nifty Microcap 250 and 9.5 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cosmic CRF received a purchase order worth Rs 2,112.20 lakh, including GST, from Jai Balaji Industries Ltd for 2,200 metric tonnes of fabricated mild steel items. The domestic order is to be executed within three months. The customer has no promoter or group-company connection, and the order is not a related-party transaction.
The order improves near-term revenue visibility and may support the stock, although the profit impact depends on costs and timely execution.