Announced Tue, 7 Apr · 14:51 IST
Refex Industries bags INR 70.2 Cr supply order from Navratna PSU
REFEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.1%1-day move
₹211.50
prior close
₹213.32
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.4+0.2-0.5+6.1+5.2+6.8+9.6+13.7+15.8+25.8+25.3+40.9+64.0
Up moveDown movePending
AI summary
Refex Industries has secured an order worth about INR 70.2 Crore from a leading Navratna PSU in the steel sector for the supply of bulk industrial commodity. The order is domestic, has no promoter or related party interest, and is to be executed within roughly 2 months. The PSU is a major government-owned entity in the steel sector, lending credibility to the counterparty. The order adds meaningfully to the company's industrial commodity order book with quick revenue visibility.
Likely market impact
Positive — INR 70.2 Cr order from a government PSU strengthens order book; short ~2 month execution supports quick revenue recognition.