GST demand of Rs 4.97 cr from Vadodara tax authority; company to appeal

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HEROMOTOCO · price

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

-0.9%Reaction day

₹5580.00

prior close

₹5580.50

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)-1.0%+0.1% vs market

2/3 Wheelers peers, median of 7sector+0.0%-0.9% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Midcap 150 and 0.9 pts less than its 2/3 Wheelers 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

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10m

+0.8

15m

+0.3

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-1.0+0.1+0.0-0.9

Next day

-1.8+0.2-2.0-1.7-0.1

-3.4-1.5-1.9-1.7-1.7

-3.4-1.0-2.4-0.8-2.6

-1.3+0.6-1.8-0.5-0.7

-0.1+0.7-0.8+0.0-0.1

+1.0-0.4+1.4-2.6+3.6

15d

+2.6+4.3-1.7+7.2-4.6

-1.5+2.6-4.0+6.0-7.5

-9.3-8.9-0.4-5.8-3.5

-5.6+3.8-9.4+6.8-12.4

UpDownMarket · Nifty Midcap 150Sector · 2/3 Wheelers peers, median of 7Pending

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

AI summary

Hero MotoCorp received a GST order from the Additional Commissioner, Central GST, Vadodara for FY 2019-20 demanding Rs 4.97 crore plus an equivalent penalty and applicable interest. The order was passed under Section 74 of the CGST Act. The company says the demand is not maintainable in law and will file an appeal. It states there is no material impact on financials, operations or other activities.

Likely market impact

Small tax dispute the company is contesting; says no material financial impact. Likely negligible effect on the stock.