JSW Dulux wins GST appeal, demand reduced to zero

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JSWDULUX · 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

-1.0%Reaction day

₹3032.00

prior close

₹3018.10

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.1%-1.1% vs market

Paints peers, median of 8sector-0.1%-0.9% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 0.9 pts less than its Paints 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

+0.6

15m

+0.3

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.0+0.1-1.1-0.1-0.9

Next day

-1.8+0.5-2.4+1.1-2.9

+0.6-0.8+1.4+0.3+0.2

-3.9-2.0-1.9-1.2-2.7

-3.6-2.2-1.4+0.2-3.8

-3.4-1.0-2.4+1.4-4.7

-2.5-0.1-2.4+2.8-5.3

15d

+0.7+1.9-1.2+7.0-6.4

+1.8+1.9-0.1+2.8-1.0

+4.2+1.5+2.6-6.4+10.6

-1.2-5.3+4.1-5.7+4.5

UpDownMarket · Nifty Smallcap 250Sector · Paints peers, median of 8Pending

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

AI summary

JSW Dulux received an appeal order from the Karnataka GST Department setting the revised demand to zero. The original demand of about INR 1.57 crore (tax, interest, and penalty) for FY 2020-21 disallowance of input tax credit has been annulled.

Likely market impact

Positive for shareholders. Removes a tax liability of about INR 1.57 crore and clears the uncertainty from this dispute.