DEE Development bags INR 36 Crore order from Reliance Industries

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DEEDEV · price

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

-3.5%Reaction day

₹647.00

prior close

₹622.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%-4.1% vs market

On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250, 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

+0.7

10m

+0.3

15m

+0.4

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-3.5+0.5-4.1

Next day

-0.2+0.8-0.9

-2.2+1.0-3.2

+0.5+0.6-0.1

-1.9+1.2-3.0

-2.0+0.9-2.9

-7.9+1.6-9.5

15d

+0.5+1.9-1.4

+4.5+0.8+3.7

-18.1-5.7-12.4

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

DEE Development Engineers has secured contracts worth around INR 36 Crore (inclusive of GST) from Reliance Industries for pipe shop fabrication work on a job work basis. The domestic order is to be completed within 9 months. The company confirms no promoter or related party interest in the awarding entity.

Likely market impact

New domestic order from a major client boosts order book visibility and supports revenue over the next 9 months.