The company has received a letter of intent from HPOIL GAS PRIVATE LIMITED.

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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

+3.1%Reaction day

₹65.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-1.1%+4.2% vs market

Civil Construction peers, median of 97sector-1.8%+4.9% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

+3.1-1.1+4.2-1.8+4.9

Next day

-0.6-0.1-0.5-0.8+0.2

+0.0+0.4-0.4-1.0+1.0

+0.8-0.1+0.9-1.9+2.7

+9.2+0.9+8.4-1.6+10.8

+11.5+1.9+9.6-0.5+12.0

+5.4+1.1+4.3-1.3+6.6

15d

+1.5+0.2+1.3-3.3+4.8

+5.4+0.7+4.6-3.6+9.0

-22.3-4.0-18.4-9.1-13.2

+4.6-7.0+11.6-14.3+18.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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

AI summary

Oval Projects Engineering Ltd has received a Letter of Intent from HPOIL Gas Private Limited, a government-owned joint venture between HPCL and Oil India. The contract is for composite work on a City Gas Station (CGS) cum Mother Station at Xelhozhe Niuland District in Nagaland. The total contract value is Rs. 11.79 crore (Rs. 11,78,56,628.82). The order is domestic, with no related party interest between the company's promoters and HPOIL Gas. Execution timeline is as per the contract terms.

Likely market impact

This adds a meaningful new order to the company's order book from a credible PSU-backed client, which is positive for revenue visibility. However, the company is small-cap and a single order of this size could materially impact quarterly performance.