STL Networks bags INR 175 cr order as L1 bidder from NICSI for NKN equipment

Govt Defence OrderBusiness Updates View source PDF Explain this filing

STLNETWORK · price

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

+1.7%Reaction day

₹21.15

prior close

₹21.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+0.3% vs market

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250, 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

-1.6

10m

-0.2

15m

+0.1

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+1.7+1.3+0.3

Next day

+2.8+0.3+2.5

+1.7-0.5+2.1

+7.1+2.1+5.0

+9.9+3.1+6.8

+2.6+2.6-0.0

+0.7+0.6+0.1

15d

-2.2-1.4-0.8

-8.7-6.9-1.8

-10.9-7.7-3.2

+37.8+7.0+30.9

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

STL Networks Limited has emerged as the Lowest Bidder (L1) and received a Letter of Intent from National Informatics Centre Services Incorporated (NICSI) for procurement of network equipment through the National Knowledge Network (NKN). The order is valued at INR 175 crore (exclusive of taxes). It is a domestic government order with no promoter interest in NICSI and no related party transaction involved.

Likely market impact

Secures a significant government order worth INR 175 cr, boosting revenue visibility. Positive for stock sentiment.