MTAR Technologies shares may have reacted to the deal, rising 6.84 percent to Rs 2,689.7 amid high volumes, despite sharp sell-off in equity markets.
The market may see some rangebound trade after Friday's rally, though the overall trend remains positive, given the decline in the VIX. Below are some trading ideas for the near term.
The three-year contract, with an option for annual renewal, involves providing comprehensive attendant manpower services for BMC's Education and Security Departments.
Krystal's track record in executing government contracts allows it to benefit from the increased outsourcing of facility management services by the Centre, said Nuvama.
Krystal Integrated Services is commanding a total market capitalisation of nearly Rs 1,100 crore.