Praruh Technologies enters partnership with IBM

Marquee JV announcedStrategic Transactions View source PDF Explain this filing

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

+5.0%Reaction day

₹131.25

prior close

₹136.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.3%+8.2% vs market

IT Enabled Services peers, median of 77sector-1.6%+6.6% vs sector

On the reaction day the stock moved 8.2 pts more than Nifty Microcap 250 and 6.6 pts more than its IT Enabled Services 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

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0-3.3+8.2-1.6+6.6

Next day

+10.2-3.4+13.6-2.3+12.5

+15.7-2.6+18.2-1.5+17.2

+17.7-1.0+18.7-1.2+18.9

+19.6-1.2+20.8-0.8+20.4

+13.6-0.7+14.4-0.7+14.4

+18.4-1.0+19.4-1.4+19.8

15d

+37.9-1.7+39.6-3.4+41.3

+10.4-4.1+14.5-4.2+14.6

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 77Pending

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

AI summary

Praruh Technologies Limited has entered into a partnership agreement with IBM (International Business Machines Corporation). IBM is a global technology major with operations spanning hybrid cloud, artificial intelligence, automation, cybersecurity, enterprise infrastructure, software, and consulting. The arrangement is in the ordinary course of business, on an arm's length basis, with no promoter or promoter group interest involved.

Likely market impact

Partnership with global tech major IBM may boost business credibility and future growth, though specific financial terms were not disclosed.