New manpower contract won; rival challenges it in Chhattisgarh HC

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INNOVISION · 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

+1.9%Reaction day

₹315.90

prior close

₹318.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+2.5% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6sector-0.9%+2.8% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.8 pts more than its Road Assets - Toll Annuity Hybrid-Annuity 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

-0.7

10m

-0.5

15m

-0.9

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.9-0.6+2.5-0.9+2.8

Next day

+10.8+0.5+10.3-2.3+13.1

+8.6+1.8+6.8-3.5+12.1

+7.4+1.6+5.9-3.4+10.9

+3.3+0.1+3.1-5.6+8.8

+4.5+2.5+2.0-2.7+7.2

+5.1+2.4+2.7-4.9+10.0

15d

+1.0+1.9-0.9-6.8+7.8

-1.5+2.1-3.7-7.9+6.4

-5.9+12.5-18.3-12.8+6.9

-8.5+12.0-20.5-21.2+12.7

UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6Pending

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

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.