Announced Thu, 14 May · 14:30 IST
intimation of receipt of LOI from Fortune Dreamcon Private Limited for the construction of Row Houses
Business Updates View source PDF
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
+2.2%1-day move
₹2.74
prior close
₹2.77
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.7+0.7+0.0+2.2+1.5-4.7-5.8-5.1-8.8-9.1-25.2-19.0—
Up moveDown movePending
AI summary
Shashijit Infraprojects Limited has received a Letter of Intent (LOI) from Fortune Dreamcon Private Limited for civil construction work of Row Houses. The contract value is ₹ 3.06 crores (taxes extra) and the project is to be completed within 12-15 months. This is a domestic order with no related party transaction involved. The promoter group has no interest in the entity awarding the contract.
Likely market impact
The new order worth ₹ 3.06 crores represents a positive development for the company, adding to their order book. However, without revenue figures, the relative significance of this contract cannot be assessed.