Sasken selected for multi-year European automotive connectivity programme

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SASKEN · price

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

-3.4%Reaction day

₹1686.90

prior close

₹1665.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is usedpendingvs market: pending

IT Enabled Services peers, median of 78sector-0.8%-2.6% vs sector

On the reaction day the stock moved 2.6 pts less than its IT Enabled Services 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

-0.2

10m

-0.5

15m

-1.0

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.4pendingpending-0.8-2.6

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 78Pending

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

AI summary

Sasken has been selected for a multi-year engineering engagement with the software company of a leading European automotive group. It will provide software development, systems integration, hardware engineering and validation for next-generation telematics control units used in global vehicle platforms. The customer and contract value were not disclosed.

Likely market impact

May support recurring automotive revenue and strengthen Sasken's connected-mobility position, but the deal size and earnings impact are not disclosed.