GST appeal update: Demand reduced slightly, company plans further appeal

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JAMNAAUTO · 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

-1.1%Reaction day

₹127.01

prior close

₹126.60

announcement price

After-mkt

timing

Nifty Microcap 250market+1.6%-2.8% vs market

Auto Components & Equipments peers, median of 122sector+1.3%-2.5% vs sector

On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.5 pts less than its Auto Components & Equipments 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

+0.0

15m

-1.1

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+1.6-2.8+1.3-2.5

Next day

+1.9+1.5+0.4+0.7+1.1

+1.0+1.9-0.9+0.5+0.5

+2.3+3.2-1.0+1.7+0.5

+8.7+1.7+7.0+1.6+7.1

+8.7+2.0+6.7+2.2+6.4

+7.4+1.4+6.1+0.8+6.7

15d

+15.0-0.8+15.8-2.7+17.7

+9.4-2.5+12.0-3.1+12.6

—————

UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 122Pending

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

AI summary

Jamna Auto Industries received a partial reduction in a GST/excise demand on appeal. Principal Commissioner (Appeals-II) confirmed Rs.3.53 crore of the original Rs.4.06 crore demand, plus interest and penalty of Rs.46.57 lakh. The dispute involves alleged excess input tax credit. Company plans to file a further appeal and says there is no material financial impact.

Likely market impact

Partial relief on tax demand but most of the original demand stands. Further appeal planned. Company claims no material financial impact.