Tax demand of Rs 5.19 crore with equal penalty

Regulatory & Legal View source PDF Explain this filing

CUMMINSIND · price

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

-2.4%Reaction day

₹4625.50

prior close

₹4575.00

announcement price

After-mkt

timing

Nifty 100market+1.1%-3.5% vs market

Compressors Pumps & Diesel Engines peers, median of 14sector+1.3%-3.7% vs sector

On the reaction day the stock moved 3.5 pts less than Nifty 100 and 3.7 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

-0.6

10m

-0.7

15m

-0.8

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4+1.1-3.5+1.3-3.7

Next day

-3.7pendingpending-1.1-2.7

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15d

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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 a Jaipur tax order demanding Rs 5.19 crore of IGST for 2020-21 to 2023-24, with an equal penalty. The company is considering an appeal and says the order has no material financial or operational impact.

Likely market impact

The demand plus penalty totals Rs 10.38 crore. The company reports no material impact, though an appeal may create costs and uncertainty.