Gets Rs 30.45 Cr LOAs from Coal India arm for coal exploration

Government or defence orderBusiness Updates View source PDF Explain this filing

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

+7.5%Reaction day

₹195.00

prior close

₹204.38

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+8.8% vs market

Diversified Commercial Services peers, median of 69sector-0.4%+8.0% vs sector

On the reaction day the stock moved 8.8 pts more than Nifty Microcap 250 and 8.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.3

15m

+0.4

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.5-1.3+8.8-0.4+8.0

Next day

+8.6+2.4+6.1+0.7+7.9

+12.3+3.8+8.5+1.6+10.7

+9.1+2.7+6.4+1.4+7.8

+11.8+1.9+9.9+0.9+10.9

+12.8+4.6+8.3+2.4+10.4

+4.1+5.1-1.0+2.6+1.5

15d

-0.6+2.1-2.7+0.4-1.1

-6.2-2.1-4.1-3.5-2.6

+10.8-6.4+17.2-9.1+19.8

+29.2+9.5+19.6+5.1+24.1

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

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

AI summary

South West Pinnacle Exploration has received two Letters of Award from CMPDI, a Coal India subsidiary and government PSU, for detailed coal exploration in Madhya Pradesh and Maharashtra. The total contract value including GST is about Rs 30.45 crores. The Madhya Pradesh project runs for 910 days and the Maharashtra project for 210 days, both including 30 days of mobilisation. The company says the wins will strengthen its order book and support growth in revenue and profit.

Likely market impact

Positive for order book. Adds about Rs 30.45 crores in new coal exploration work from a government PSU, supporting future revenue.