Income tax penalty of Rs 95 lakh imposed on Cummins India for AY 2018-19

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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

-0.8%Reaction day

₹4800.00

prior close

₹4821.50

announcement price

After-mkt

timing

Nifty 100market-0.3%-0.6% vs market

Compressors Pumps & Diesel Engines peers, median of 14sector+0.3%-1.1% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty 100 and 1.1 pts less 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

-0.0

10m

+0.2

15m

+0.1

30m

+0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8-0.3-0.6+0.3-1.1

Next day

+1.3-1.2+2.4-0.8+2.1

+0.7-0.6+1.3-1.5+2.2

+2.8+0.4+2.4-1.0+3.8

+1.5-0.4+1.9-1.2+2.7

-1.2-2.2+1.0-4.1+2.9

+0.7-1.6+2.3-4.1+4.8

15d

-9.5-1.4-8.1-13.8+4.4

-7.2pendingpending-13.7+6.4

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UpDownMarket · Nifty 100Sector · Compressors Pumps & Diesel Engines peers, median of 14Pending

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

AI summary

Cummins India received an income tax penalty order of Rs 95.26 lakh under Section 270A of the Income Tax Act for assessment year 2018-19 from the Assessment Unit. The company plans to appeal, saying the order was passed without adequate opportunity to present its submissions. Company states the penalty has no material impact on financials or operations.

Likely market impact

Penalty is small relative to company size. No material impact claimed by management. Appeal pending, likely limited stock impact.