Jaykay Enterprises Limited has informed the Exchange about Receipt of Order/Letter of Acceptance from Ircon International Limited by J K Phillips LLP, a 50:50 Joint Venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, a subsidiary of Phillips Corporation, USA

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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

+3.5%Reaction day

₹200.00

prior close

₹199.88

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+4.1% vs market

Aerospace & Defense peers, median of 22sector-2.1%+5.6% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 5.6 pts more than its Aerospace & Defense 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

+3.1

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Sessions after the filingfrom the prior close

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Reaction day

+3.5-0.6+4.1-2.1+5.6

Next day

-1.7-1.5-0.2-4.0+2.3

-0.8-1.8+1.0-3.5+2.7

+0.8-0.6+1.4-1.2+2.1

+2.3+0.8+1.5+2.0+0.2

-0.2+0.8-1.0+2.2-2.4

-2.0-0.2-1.8+2.6-4.6

15d

-4.3+1.1-5.3+4.9-9.1

-14.6-3.5-11.1+0.7-15.3

-22.5-3.2-19.2-1.0-21.5

-36.6-12.8-23.8-3.3-33.3

UpDownMarket · Nifty Microcap 250Sector · Aerospace & Defense peers, median of 22Pending

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

AI summary

Jaykay Enterprises Limited announced that its 50:50 joint venture, J K Phillips LLP, has received an order/letter of acceptance from Ircon International Limited, a government PSU under the Ministry of Railways. The JV is between Jaykay Enterprises and Phillips Machine Tools India Private Limited, a subsidiary of Phillips Corporation, USA. The financial value of the order has not been disclosed in the announcement. This is part of ongoing business activity through the joint venture entity. The order adds to the order book of the JV, which will reflect in the company's consolidated results proportionate to its 50% share.

Likely market impact

Positive for the company as it strengthens the order pipeline of its joint venture, but limited immediate impact on stock price since the order value is not disclosed and the revenue will flow through the JV on a 50% sharing basis.