Monarch Surveyors bags Rs 4.36 crore work order from Parbhani land records office

Government or defence orderBusiness Updates View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+2.0% vs market

Consulting Services peers, median of 18sector+0.9%+0.7% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 0.7 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Monarch Surveyors and Engineering Consultants has bagged a work order worth Rs 4.36 crore from the Office of the District Superintendent of Land Records, Parbhani. The contract is for selection of agencies for licensed surveyor services. It is a domestic government order to be carried out on a cash basis with completion timeline as per contract terms. The company says it will positively impact business operations.

Likely market impact

New Rs 4.36 crore government order adds to order book; expected to support revenue going forward.