Pace Digitek bags Rs 891 Mn railway surveillance order from RailTel

Govt Defence OrderBusiness Updates View source PDF Explain this filing

PACEDIGITK · price

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

+3.8%Reaction day

₹177.00

prior close

₹182.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.2%+3.9% vs market

Telecom - Infrastructure peers, median of 5sector+0.2%+3.6% vs sector

On the reaction day the stock moved 3.9 pts more than Nifty Microcap 250 and 3.6 pts more than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Infrastructure peers, median of 5Pending

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

AI summary

Pace Digitek bagged an Advance Letter of Award worth Rs 890.69 mn from RailTel Corporation for IP-based Video Surveillance Systems in LHB railway coaches. Scope includes supply, installation, testing, commissioning, plus 3-year warranty and 5-year CAMC. Marks the company's first railway sector order, expanding beyond its core Telecom and Energy businesses. Total order book now stands at Rs 103,319 mn (Telecom and ICT Rs 25,527 mn, Energy Rs 77,792 mn).

Likely market impact

First railway order from government PSU RailTel signals new segment entry and revenue diversification beyond telecom and energy verticals.