Subsidiary bags Rs 400.16 Cr order for Solar PV Modules

Business Updates View source PDF Explain this filing

SAATVIKGL · price

Loading chart…

▲ 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

+1.4%Reaction day

₹427.05

prior close

₹434.70

announcement price

After-mkt

timing

Nifty Microcap 250market+0.4%+1.1% vs market

Other Electrical Equipment peers, median of 50sector-0.4%+1.9% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.9 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

+0.4

10m

+0.0

15m

-0.4

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.4+1.1-0.4+1.9

Next day

+3.5+0.5+3.0-0.5+4.1

+0.9+0.6+0.3-0.8+1.8

-5.0+0.7-5.7-1.0-4.0

-5.8+1.1-7.0-1.5-4.3

-6.3+0.5-6.8-1.4-4.9

-2.4+1.3-3.7-1.5-0.9

15d

-2.8+0.5-3.3-3.0+0.2

-9.2-0.8-8.3-4.3-4.9

-6.6-0.9-5.6-10.0+3.4

—————

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 50Pending

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

AI summary

Material subsidiary Saatvik Solar Industries Pvt Ltd has received and accepted a domestic order worth INR 400.16 Crores from a renowned Independent Power Producer and EPC Player for supply of Solar PV Modules. The order is to be executed by March 2027. The transaction is not a related party deal and the promoter group has no stake in the awarding entity.

Likely market impact

New domestic order worth Rs 400.16 Crores strengthens revenue visibility and order book for execution by March 2027.