Megastar Foods gets 100% electricity duty exemption for 15 years

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MEGASTAR · price

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

-5.4%Reaction day

₹328.20

prior close

₹335.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-5.9% vs market

Other Food Products peers, median of 25sector+0.5%-5.9% vs sector

On the reaction day the stock moved 5.9 pts less than Nifty Microcap 250 and 5.9 pts less than its Other Food Products 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

-3.8

10m

-4.3

15m

-5.4

30m

-5.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.4+0.6-5.9+0.5-5.9

Next day

-1.3+1.7-3.0+0.6-1.9

-3.7+2.1-5.9+0.7-4.4

+2.0+3.0-0.9+0.2+1.9

+4.5+3.8+0.7+0.3+4.2

+3.3+3.1+0.2-0.3+3.6

+6.6+2.4+4.3+0.2+6.4

15d

+12.1+1.3+10.9-1.3+13.4

+1.9+3.9-2.0+0.5+1.4

-5.0+7.4-12.4+7.5-12.5

-15.1+5.6-20.7-0.9-14.3

UpDownMarket · Nifty Microcap 250Sector · Other Food Products peers, median of 25Pending

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

AI summary

Megastar Foods received an addendum to its Eligibility Certificate from Punjab's Department of Industries & Commerce, granting 100% exemption from electricity duty for 15 years from 18.11.2024, or until 100% of FCI of Rs. 8,867.86 lakhs is exhausted. The company is also eligible for incentives up to Rs. 881.86 Crores, subject to terms and conditions. This is expected to reduce operating costs and improve profitability over the exemption period.

Likely market impact

Significant long-term cost savings on electricity duty, boosting margins. Up to Rs. 881.86 Cr in potential incentives could materially benefit financials.