Writ petition filed against JK Lakshmi Cement over Assam land allotment

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

+1.1%Reaction day

₹564.50

prior close

₹569.90

announcement price

After-mkt

timing

Nifty Microcap 250market+1.3%-0.2% vs market

Cement & Cement Products peers, median of 36sector+1.2%-0.1% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.1 pts less than its Cement & Cement Products 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

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15m

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30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+1.3-0.2+1.2-0.1

Next day

+1.0+1.8-0.8+1.2-0.1

+1.2+3.1-1.9+2.2-1.1

+0.9+3.5-2.5+1.4-0.5

+0.1+3.5-3.4+0.9-0.8

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-2.6+3.6-6.2-0.4-2.2

15d

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-9.1+4.4-13.5-1.8-7.3

-17.3+2.9-20.2-8.5-8.8

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UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 36Pending

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

AI summary

Writ petition filed in Gauhati High Court by 67 petitioners against JK Lakshmi Cement and its subsidiary Mahabal Cement, along with the Union of India and others. The petition challenges the allotment of about 3,000 Bighas of land in Dima Hasao, Assam, leased by government authorities to the company, its subsidiary, and Assam Mineral Development Corporation. No monetary claims have been filed against the company. The company has invested about Rs. 103.16 Crores in the land including development. No court order has been issued yet.

Likely market impact

Early-stage litigation with no monetary claims yet. Around Rs. 103 Cr investment in the disputed Assam land is at risk if court rules against the company.