PIGL bags additional Rs 3.72 cr order from Ajmer Discom; total Rs 38.28 cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

PIGL · price

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

-2.2%Reaction day

₹116.50

prior close

₹116.78

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.1% vs market

Other Electrical Equipment peers, median of 49sector-0.0%-2.1% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.1 pts less than its Other Electrical Equipment 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

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

-3.3-0.7-2.6-0.8-2.6

-3.6-1.0-2.6-1.7-1.9

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

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

AI summary

Power and Instrumentation (Gujarat) received an additional work order of Rs. 3.72 crore (incl. taxes) from Ajmer Vidyut Vitran Nigam Ltd, a Rajasthan state power discom. This takes the cumulative order value to Rs. 38.28 crore. Scope: supply, erection, installation, testing and commissioning of material and equipment for segregation of 11 KV mixed feeders at Salumbar Circle under the central RDSS scheme, on turnkey basis. Execution timeline: 15 months. Domestic order, no promoter interest.

Likely market impact

Strengthens order book from a government discom, supports revenue visibility over the next 15 months.