China arm to invest USD 9.94M in brownfield capacity expansion

Capex & Operations View source PDF Explain this filing

HARSHA · price

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

-0.7%Reaction day

₹399.05

prior close

₹403.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+0.3% vs market

Other Industrial Products peers, median of 25sector-0.1%-0.6% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.6 pts less than its Other Industrial 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

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Sessions after the filingfrom the prior close

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Reaction day

-0.7-1.0+0.3-0.1-0.6

Next day

-4.2-1.8-2.4-0.3-3.9

-3.2+0.8-4.0+1.6-4.8

-0.3+1.8-2.0+1.4-1.7

-3.3+1.2-4.5+0.4-3.6

-2.5+0.7-3.3+0.9-3.5

-5.3-1.5-3.8-1.4-3.8

15d

-7.0-2.5-4.6-1.9-5.1

-9.8-7.2-2.7-7.7-2.2

-16.6-8.9-7.7-14.1-2.5

-3.7+5.5-9.2+0.1-3.9

UpDownMarket · Nifty Microcap 250Sector · Other Industrial Products peers, median of 25Pending

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

AI summary

Harsha Engineers China subsidiary will invest USD 9.94 million (about 85 crore rupees) in a brownfield project at its Changshu plant in China. Expansion adds 5.84 million pieces capacity to existing 8.45 million pieces. Current plant utilization is 55.63 percent. Completion expected in about 2 years. Funded through parent equity and term loans. Aim is to grow market share in China bearing cage market.

Likely market impact

Growth push in China market; capacity addition could lift future revenues once operational in about 2 years.