Announced Thu, 3 Sept · 11:52 IST
Wins Rs 4.15 crore food services contract from Puliangudi Municipality
KOTIC · 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
-3.9%1-day move
₹136.99
prior close
₹138.59
base price
In-mkt
timing
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+0.0+0.0+0.0+0.0-3.9-3.7-0.0-1.1+7.3-7.4————
Up moveDown movePending
AI summary
Kothari Industrial Corp has received a Letter of Acceptance from Puliangudi Municipality in Tamil Nadu to provide food services under the Perunthalaivar Kamarajar Morning Breakfast Scheme for school children. The contract is worth Rs 4.15 crore over 3 years. The company must furnish a security deposit and execute the agreement within 2 days, after which a formal work order will be issued. The contract is domestic and not a related party transaction.
Likely market impact
Small incremental revenue addition. Positive order win but limited size suggests minor impact on stock price.