Declared L-1 bidder by South Eastern Railway for solar project worth Rs 13.43 Cr

Govt Defence OrderBusiness Updates View source PDF Explain this filing

PROSTARM · price

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

+4.0%Reaction day

₹158.70

prior close

₹159.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.6%+1.4% vs market

Other Electrical Equipment peers, median of 46sector+1.9%+2.0% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 2.0 pts more 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

Stock

-0.1

10m

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15m

+0.4

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.0+2.6+1.4+1.9+2.0

Next day

+4.2+3.6+0.6+3.2+1.0

+10.9+3.1+7.8+2.7+8.2

+10.3+2.6+7.7+3.3+6.9

+9.0+1.1+7.9+1.6+7.4

+0.4+0.3+0.1+0.7-0.2

+2.7+1.6+1.1+2.8-0.1

15d

-11.2-3.9-7.2-5.1-6.1

-19.3-8.1-11.2-8.4-11.0

-11.3-3.1-8.2+2.0-13.3

+0.4+9.2-8.8+19.9-19.5

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 46Pending

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

AI summary

Prostarm Info Systems has been declared the L-1 (lowest) bidder by South Eastern Railway for a solar power plant project at SRC Jurisdiction (Phase 2), including 5 years of maintenance. Order value is INR 13.43 Crores, to be executed within 12 months. This is a domestic government order with no related party interest.

Likely market impact

Positive — secures a government order worth 13.43 Cr, boosting order book. Execution timeline is 12 months.