Radiant Cash Management gets Rs 35 Crore order from IDBI Bank

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

-10.4%Reaction day

₹49.10

prior close

₹48.89

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-9.9% vs market

Diversified Commercial Services peers, median of 70sector-0.1%-10.3% vs sector

On the reaction day the stock moved 9.9 pts less than Nifty Microcap 250 and 10.3 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 70Pending

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

AI summary

Radiant Cash Management Services has secured a Letter of Intent from IDBI Bank for dedicated cash van and cash delivery and pick-up services across seven zones. The contract is worth about Rs 35 Crores over three years from April 2026 to March 2029, of which about Rs 15 Crores is renewal of existing business and the remaining about Rs 20 Crores is incremental. IDBI Bank is a domestic public sector bank. There is no promoter or related party interest in the deal.

Likely market impact

Adds about Rs 20 Crores of new three-year revenue with a known public sector client, improving order book visibility from FY27.