Intimation-Confirmation for Lowest Bid at Stage L1

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.1%Reaction day

₹205.20

prior close

₹204.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%-1.4% vs market

Civil Construction peers, median of 97sector+0.4%-0.5% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.5 pts less 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1+1.3-1.4+0.4-0.5

Next day

+5.2+0.9+4.3+0.8+4.4

+7.9+0.8+7.1+0.7+7.2

+6.2+0.6+5.7-0.1+6.3

+2.8-0.0+2.8-0.8+3.6

+2.3-0.5+2.8-1.2+3.5

+0.8-2.1+3.0-3.0+3.8

15d

-4.0-3.5-0.5-4.7+0.7

-3.9-2.3-1.6-2.9-1.0

-29.3-10.4-18.9-14.7-14.6

-24.5-6.1-18.3-12.7-11.8

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

Desco Infratech has been declared the L1 (lowest) bidder for Last Mile Connectivity and associated works, including DMA works, for City Gas Distribution (CGD) projects in four geographical areas awarded by Bharat Petroleum Corporation Limited (BPCL) in Odisha. The aggregate minimum value of the tenders is about Rs. 7 crore, inclusive of GST. The company highlights this as a strategic entry into the Eastern region of India, expanding its geographical footprint. Further details will be disclosed once the formal Letter of Intent or Purchase Order is received.

Likely market impact

Positive for the company — adds a new PSU-backed order and marks entry into a new region, though the Rs. 7 crore minimum value is modest and the order is not yet formally awarded, so near-term stock impact may be limited.