Lokesh Machines bags about Rs 58.21 cr defence order from Indian Army

Govt Defence OrderBusiness Updates View source PDF

LOKESHMACH · price

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▲ 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

+4.4%1-day move

₹316.00

prior close

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base price

After-mkt

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AI summary

Lokesh Machines has received an order worth about Rs 58.21 crore (inclusive of duties and taxes) from the Integrated Headquarters of Ministry of Defence (Army), Government of India. The order is for supply of MOD kits for 7.62MM Medium Machine Guns. It is a domestic supply order and not a related party transaction.

Likely market impact

Positive - sizable defence order from the Indian Army strengthens order book and revenue visibility. No related party concerns.