Focus Lighting and Fixtures Limited has informed the Exchange about bagging of an order worth Rs. 10,11,05,616.48/- from Ahmedabad Municipal Corporation for Kankaria Lake.
FOCUS · price
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On the reaction day the stock moved 3.3 pts more than Nifty Microcap 250 and 2.6 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Focus Lighting and Fixtures Limited has secured a new order worth Rs. 10.11 crore (Rs. 10,11,05,616.48) from the Ahmedabad Municipal Corporation. The contract is for lighting work related to the Kankaria Lake project. This is a government/municipal body order, adding to the company's order book. The order size relative to the company's revenue has not been disclosed in this filing.
Positive for the company as it adds a sizeable government contract to its order pipeline, though material impact on stock price depends on whether this is a one-off project or part of a larger ongoing relationship with municipal bodies. Short-term sentiment may get a modest boost.