Empanelled by Oil India for seismic data acquisition services

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

+0.5%Reaction day

₹262.80

prior close

₹265.30

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-0.4% vs market

Diversified Commercial Services peers, median of 70sector+0.0%+0.5% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.5 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 70Pending

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AI summary

South West Pinnacle Exploration has been empanelled by Oil India Limited, a public sector oil company, to provide 2D and 3D seismic data acquisition services across OIL's onshore acreages in India. The three year empanelment makes the company eligible to bid for tenders from Oil India for seismic survey projects. No contract value or revenue figure has been disclosed.

Likely market impact

Boosts eligibility to win future contracts from a major PSU over three years. No immediate revenue impact as no order is confirmed yet.