Karnataka Forest Dept orders HMT to hand over 430 acres land

Regulatory & Legal View source PDF Explain this filing

HMT · price

Loading chart…

▲ 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

-2.2%Reaction day

₹67.83

prior close

₹66.10

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.7%-1.5% vs market

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250, 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

+2.9

10m

+2.9

15m

+2.9

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.2-0.7-1.5

Next day

-5.4-2.7-2.6

-5.0-0.8-4.1

-4.9+0.5-5.4

-5.4+0.7-6.0

-5.3-0.3-4.9

-7.3-0.2-7.1

15d

-10.4-1.7-8.7

-10.1+2.7-12.8

+1.7+4.8-3.1

-15.8+3.2-19.1

UpDownMarket · Nifty Microcap 250Pending

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

AI summary

Karnataka Forest Department has ordered HMT Limited to hand over 430 acres 21.853 guntas of land in Bengaluru, originally granted by the Government of Karnataka to HMT Machine Tools Limited. The company had paid all transaction amounts for this land. The matter is already sub judice before the Supreme Court of India. HMT plans to appeal before the Conservator of Forest, Bengaluru and is taking all legal steps to protect its interests in the matter.

Likely market impact

Negative if HMT loses 430 acres of legally held land. Matter pending in Supreme Court, no immediate impact. Appeals planned.