Gallantt Ispat declared preferred bidder for MP coal block

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GALLANTT · price

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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

-1.2%Reaction day

₹624.30

prior close

₹630.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.2%-1.4% vs market

Iron & Steel Products peers, median of 99sector-0.4%-0.7% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Smallcap 250 and 0.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.4

15m

-0.5

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.2-1.4-0.4-0.7

Next day

-3.1+0.2-3.3-0.8-2.3

-5.2+0.1-5.3+0.0-5.2

-4.7+0.3-5.0-1.0-3.7

-5.3+0.1-5.4-1.0-4.4

-7.1+0.2-7.3-1.6-5.5

-6.3-0.1-6.2-1.5-4.8

15d

-7.5+0.6-8.1+0.1-7.6

-7.7+0.9-8.6-0.8-7.0

-14.7-2.3-12.4+0.6-15.3

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UpDownMarket · Nifty Smallcap 250Sector · Iron & Steel Products peers, median of 99Pending

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

AI summary

Gallantt Ispat declared preferred bidder for commercial coal mining at a Singrouli, MP block (Dongrital-II, Bazori, Digwaha, Dongri, Bhaisanbuda). Won with 6.5 percent revenue share bid from MP State Mining Corp. Company will evaluate next steps for block development.

Likely market impact

Positive signal of backward integration into coal for steel operations; revenue impact unclear until development plans emerge.