Graphite India gets partial relief in GST appeal, plans further appeal

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GRAPHITE · 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

+1.4%Reaction day

₹660.00

prior close

₹657.05

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.3%+1.7% vs market

Electrodes & Refractories peers, median of 10sector+0.3%+1.1% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Smallcap 250 and 1.1 pts more than its Electrodes & Refractories 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

+0.4

10m

+0.7

15m

+1.1

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4-0.3+1.7+0.3+1.1

Next day

+0.0+1.0-1.0+1.0-1.0

-2.0+0.5-2.5+0.2-2.1

+0.8+1.9-1.0+0.3+0.6

+0.6+1.1-0.5-0.6+1.2

-0.3+1.5-1.8+0.3-0.6

+7.1+3.1+4.0+2.3+4.8

15d

+9.4+3.6+5.8+4.4+5.0

+8.8+4.1+4.7+8.5+0.3

+23.8+2.9+20.9-2.9+26.7

+11.3-6.1+17.4-12.6+23.9

UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

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

AI summary

Graphite India received an appellate order under Section 73 of the CGST/WBGST Act from the Additional Commissioner (Appeals), State Tax. The appeal was partially allowed and the original order modified. Tax demand of about Rs 35.99 lakh, interest of about Rs 35.52 lakh, and penalty of about Rs 3.60 lakh were upheld related to alleged excess Input Tax Credit. The company states there is no material financial impact and will file a further appeal.

Likely market impact

Total demand around Rs 75 lakh including interest. Company says no material impact and will appeal further. Minimal effect on shareholders.