Optivalue Tek gets Rs 70 Cr LoI for 100 tethered drone systems for MoD

Government or defence orderBusiness Updates View source PDF Explain this filing

OPTIVALUE · price

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

+4.4%Reaction day

₹221.50

prior close

₹221.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.6%+6.0% vs market

On the reaction day the stock moved 6.0 pts more than Nifty Microcap 250, 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

+4.4

10m

+4.4

15m

+4.4

30m

+4.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+4.4-1.6+6.0

Next day

+3.8-0.6+4.4

+0.7-0.8+1.5

-3.4-2.1-1.3

+1.4-2.1+3.6

+6.1-0.8+6.9

+2.1-3.8+5.9

15d

-3.6-6.9+3.3

-4.7-8.0+3.3

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UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Optivalue Tek Consulting received a Letter of Intent from Aerial IQ India to manufacture and supply 100 tethered drone systems for the proposed iDEX order from the Ministry of Defence. Tentative minimum order value is Rs 70 Crores, to be executed over about 12 months. No promoter or related party interest in the awarding entity.

Likely market impact

Positive — sizeable defence order strengthens order book, though final value is still under negotiation.