Vascon Engineers bags Rs 260 Cr hospital construction order from NMMC

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF Explain this filing

VASCONEQ · price

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

+2.9%Reaction day

₹45.50

prior close

₹45.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+2.4% vs market

On the reaction day the stock moved 2.4 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

+4.8

10m

+3.6

15m

+3.6

30m

+3.5

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+2.9+0.5+2.4

Next day

+4.1-0.1+4.3

+1.0-1.0+2.0

-0.1-1.3+1.2

+3.5-0.1+3.6

+5.2+1.3+4.0

+2.1+0.8+1.4

15d

+5.1+1.5+3.5

-3.1-3.0-0.0

-12.6-2.8-9.9

-31.2-12.4-18.8

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Vascon Engineers has received a Rs 260.09 crore work order from Navi Mumbai Municipal Corporation for building a Super Specialty Hospital at Plot No. 4, Sector 15A, CBD Belapur, Navi Mumbai. The contract is on EPC basis, includes GST, and must be completed within 36 months. This is a domestic government order with no related party interest.

Likely market impact

Large order strengthens order book and provides 3-year revenue visibility. Positive near-term sentiment for the stock.