Univastu India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
UNIVASTU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.6 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Univastu India Limited has received a work order worth Rs. 244.31 crores (including GST) from the Divisional Sports Complex Committee, Jalgaon, for the construction of a Divisional Sports Complex in Jalgaon District. The project is to be completed within 36 calendar months (including monsoon period) from the date of receiving the work order. This is a domestic government order, and there is no related party interest involved in the transaction.
This is a sizable order for Univastu India and is likely to materially boost its order book and future revenue, given the company is a small-cap construction firm. Positive for the stock as it strengthens visibility on revenue over the next 3 years.