Ravindra Energy allots equity shares under rights issue

Corporate Actions View source PDF Explain this filing

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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

₹161.49

prior close

₹161.49

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+2.0% vs market

Other Electrical Equipment peers, median of 49sector-0.4%+2.1% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.1 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

-0.9

10m

-0.8

15m

-0.6

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.7-0.3+2.0-0.4+2.1

Next day

+2.2+0.8+1.4+0.2+2.0

+3.2+0.9+2.2-0.3+3.4

+2.3+1.8+0.5-0.8+3.1

+4.0+1.5+2.6-2.3+6.4

+10.4+1.7+8.8-2.0+12.4

+11.0-1.1+12.1-4.8+15.7

15d

+9.0+1.0+8.0-1.6+10.6

+7.1+0.4+6.7-6.5+13.7

-1.5+6.4-7.9-8.7+7.1

-7.8+5.5-13.3-10.5+2.7

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 49Pending

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

AI summary

Ravindra Energy has completed the allotment of equity shares to eligible shareholders under its rights issue. New shares have been issued on a rights basis, allowing existing shareholders to subscribe to additional shares in proportion to their current holdings.

Likely market impact

Equity base expands; shareholders who exercised rights receive new shares, potential dilution for non-participants.