Prime Cable bags order worth Rs 16.49 crore for 11 KV cables

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PRIMECAB · price

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

+5.0%Reaction day

₹187.10

prior close

₹196.40

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+5.3% vs market

On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250, 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

+5.0-0.3+5.3

Next day

+10.2-1.5+11.8

+8.0-1.5+9.5

+8.0-0.2+8.2

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AI summary

Prime Cable Industries has received a purchase order worth Rs 16.49 crore inclusive of GST from a reputed Indian listed company for supply of MV cables of 11 KV. The order is to be executed within 4 months. The customer name was not disclosed. The order is domestic and has no related party or promoter interest.

Likely market impact

New order worth Rs 16.49 crore boosts order book and near-term revenue visibility. Positive for the stock.