Hirect wins first Vande Metro order worth about 60 crores

Govt Defence OrderBusiness Updates View source PDF Explain this filing

HIRECT · price

Loading chart…

▲ 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

+2.5%Reaction day

₹1300.00

prior close

₹1333.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+1.2% vs market

Industrial Products peers, median of 129sector+0.6%+2.0% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 2.0 pts more than its 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

-0.2

10m

-0.1

15m

-0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.5+1.3+1.2+0.6+2.0

Next day

+0.3+0.0+0.3-0.2+0.5

+2.5+0.5+2.0-0.3+2.8

-0.0-0.1+0.1-0.7+0.7

+2.4+1.0+1.3-0.5+2.9

+2.3+2.4-0.1+0.8+1.5

+1.2+4.1-3.0+1.2-0.1

15d

-3.0+5.1-8.1-0.9-2.1

-5.4+5.8-11.2-0.2-5.2

-9.5+4.5-14.0+0.6-10.0

-22.8-2.4-20.5-4.4-18.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 129Pending

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

AI summary

Hirect Limited (formerly Hind Rectifiers) won its first Vande Metro development order from Rail Coach Factory Kapurthala, valued at about 60 crores. The 21-month order covers design, manufacture, supply, installation, testing and commissioning of IGBT-based propulsion systems, traction transformers, traction motors, TCMS, plus annual maintenance. Vande Metro is a 16-coach self-propelled air-conditioned trainset for intercity routes. Marks entry into next-generation trainset applications.

Likely market impact

First entry into advanced trainset tech, supports revenue over 21 months, validates indigenous R&D capabilities