RITES bags USD 35.82M South Africa locomotive export order

Export Order Hard CurrencyBusiness Updates View source PDF Explain this filing

RITES · price

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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

+6.8%Reaction day

₹216.40

prior close

₹226.30

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.7%+7.5% vs market

Civil Construction peers, median of 99sector-1.2%+8.1% vs sector

On the reaction day the stock moved 7.5 pts more than Nifty Smallcap 250 and 8.1 pts more than its Civil Construction 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

+2.3

10m

+1.6

15m

+0.9

30m

+2.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+6.8-0.7+7.5-1.2+8.1

Next day

+3.2-2.7+5.8-3.2+6.4

+2.8-1.1+3.9-2.1+4.9

+4.9+0.2+4.7-0.9+5.9

+4.6+0.5+4.1-1.5+6.2

+2.4-0.6+3.0-2.5+5.0

+1.3+0.2+1.1-3.0+4.3

15d

-1.0-1.9+0.9-5.7+4.8

+8.2+1.5+6.7-4.1+12.3

-0.1+2.2-2.3-8.7+8.6

-7.5-0.9-6.6-11.2+3.7

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 99Pending

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

AI summary

RITES has secured an order from Volantis Asset Finance, South Africa for supply and commissioning of 4000 HP Cape Gauge Diesel Electric Locomotives. Order value is USD 35.82 million with a 20-month execution timeline. It is an international, non-related-party contract that will be added to the order book after due diligence and final signing.

Likely market impact

Positive - adds about USD 35.82M to export order book, boosting revenue visibility over 20 months and strengthening international footprint.