Precision Wires buys 2-acre land in Gujarat for around Rs 3.6 cr

Capex & Operations View source PDF Explain this filing

PRECWIRE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.7%Reaction day

₹486.00

prior close

₹488.00

announcement price

After-mkt

timing

Nifty Microcap 250market+0.2%-1.8% vs market

Aluminium Copper & Zinc Products peers, median of 9sector+0.0%-1.7% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.7 pts less than its Aluminium Copper & Zinc Products 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

-2.1

10m

-2.6

15m

-3.5

30m

-4.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7+0.2-1.8+0.0-1.7

Next day

-0.6+0.9-1.5-0.2-0.4

-8.6-0.8-7.9+0.8-9.4

-7.9-0.1-7.9+0.5-8.4

-11.3-1.7-9.6-2.6-8.7

-16.0-4.3-11.7-2.5-13.5

-17.3-7.5-9.8-5.5-11.8

15d

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UpDownMarket · Nifty Microcap 250Sector · Aluminium Copper & Zinc Products peers, median of 9Pending

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

AI summary

Precision Wires India has purchased about 2 acres of land at Village Zaroli, Taluka Umbergaon, Valsad district in Gujarat for about Rs 3.60 crores, inclusive of stamp duty and registration charges. Additional professional charges and fees will be extra. The company has not yet disclosed the specific purpose of the land purchase.

Likely market impact

Land acquisition hints at possible capacity expansion. Outlay is modest, so near-term impact on stock price is likely limited.