CUMMINSINDNSECummins India Limited· Industrial ProductsHighNegative
Announced Thu, 9 Jul, 2026 · 19:38 IST

Income Tax Department appeals ITAT relief at Bombay High Court

CUMMINSIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+1.6%Reaction day
₹5530.50
prior close
₹5567.00
announcement price
After-mkt
timing
Nifty 100market+1.1%+0.5% vs market
Compressors Pumps & Diesel Engines peers, median of 13sector+1.0%+0.6% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty 100 and 0.6 pts more than its Compressors Pumps & Diesel Engines 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
5m
+1.8
10m
+1.6
15m
+1.9
30m
+1.7
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+1.6+1.1+0.5+1.0+0.6
Next day
+0.5+1.0-0.5+1.1-0.6
2d
-0.5+0.4-0.9-0.8+0.4
3d
+0.6+0.6-0.0-0.5+1.1
4d
+1.3+0.5+0.8-1.5+2.8
5d
-1.8+1.4-3.1-2.4+0.7
1w
+0.9+1.1-0.2-0.4+1.3
15d
-0.3+2.0-2.3-3.1+2.8
1m
-1.5+3.0-4.4-3.5+2.0
2m
-6.8-1.4-5.4-5.2-1.6
3m
-12.6-6.3-6.3-9.5-3.1
UpDownMarket · Nifty 100Sector · Compressors Pumps & Diesel Engines peers, median of 13Pending

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

AI summary

The Income Tax Department has filed an appeal with the Bombay High Court against an earlier ITAT order that had granted relief to Cummins India in respect of income tax adjustments amounting to INR 210.77 crores. The estimated tax impact is approximately INR 72.88 crores. The appeal is currently pending admission. The company became aware on July 8, 2026 and is disclosing based on information available, with further updates to follow once detailed appeal papers are received.

Likely market impact

Company's favorable ITAT order is under challenge. Potential tax liability of about Rs 72.88 crores. Watch for next hearing outcome.