Rico Auto sets up Railways vertical, gets RDSO approval for SGCI Inserts

Regulatory Product ApprovalBusiness Updates View source PDF Explain this filing

RICOAUTO · price

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

-2.7%Reaction day

₹120.30

prior close

₹118.97

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-0.1% vs market

Auto Components & Equipments peers, median of 110sector-2.9%+0.2% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.2 pts more than its Auto Components & Equipments 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

+0.6

15m

+0.4

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7-2.7-0.1-2.9+0.2

Next day

-3.3-3.5+0.1-3.0-0.3

+2.7-2.0+4.6-1.3+3.9

-4.0-4.1+0.1-4.0-0.0

-2.7-3.9+1.2-3.5+0.7

+0.4-2.0+2.4-2.3+2.7

-3.2-0.6-2.7-1.3-2.0

15d

+11.3+4.4+6.9+6.7+4.7

+3.1+1.3+1.7+2.9+0.2

-9.4-6.9-2.5-7.1-2.3

-3.7+4.6-8.4+1.8-5.6

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 110Pending

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

AI summary

Rico Auto Industries has created a separate Business Vertical for Railways and secured approval from RDSO Lucknow to manufacture Spheroidal Graphite Cast Iron (SGCI) Inserts. The company is also working on approvals for other cast and machined components used in tracks, wagons, and carriages, signalling a push into railway-related manufacturing alongside its current auto components business.

Likely market impact

New revenue stream from railway components; positive diversification beyond existing auto parts business.