Got LoI from GEDA for solar rooftop work worth Rs 5.79 crore

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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

-4.6%Reaction day

₹181.00

prior close

₹170.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.6%-2.0% vs market

Other Financial Services peers, median of 87sector-2.0%-2.6% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.6 pts less than its Other Financial Services 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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10m

+1.8

15m

+1.8

30m

+1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.6-2.6-2.0-2.0-2.6

Next day

-1.4-3.6+2.2-2.1+0.7

-2.3-5.8+3.6-4.1+1.8

-6.4-5.5-0.9-3.4-3.0

-5.0pendingpending-2.2-2.8

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 87Pending

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

AI summary

Jhaveri Credits and Capital has received a Letter of Intent from Gujarat Energy Development Agency (GEDA) for supply, installation, commissioning and 10-year maintenance of solar rooftop systems on government buildings in Gujarat for 2026-27, in the 1 to 6 kW capacity range. Order value is Rs 5.79 crore, to be executed within 90 days. The order is domestic and one-time, with no related party interest. The LoI is subject to security deposit and tender conditions.

Likely market impact

Mild positive. Adds to order book, but LoI is not a final contract and small order size limits material earnings impact for this micro-cap.