Announced Fri, 17 Apr · 17:57 IST
New manpower contract won; rival challenges it in Chhattisgarh HC
Regulatory & Legal View source PDF
INNOVISION · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+10.8%1-day move
₹315.90
prior close
₹318.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.5-0.9-1.3+10.8+8.6+7.4+3.3+4.5+5.1+1.0-1.5-5.9-8.5
Up moveDown movePending
AI summary
Innovision received a work order from Chhattisgarh State Marketing Corporation Ltd on March 30, 2026 to supply 451 personnel at a 3.85% service charge. Rival Prime Work Force Pvt Ltd has filed a petition in the Chhattisgarh High Court at Bilaspur challenging this work order. The company says the litigation is not expected to have any material financial impact based on legal counsel's advice.
Likely market impact
Minor risk: a competitor is challenging the new contract in court, but management expects no material financial impact. Await court outcome.