Lemon Tree subsidiary gets partial relief in GST appeal

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LEMONTREE · 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

-1.4%Reaction day

₹113.33

prior close

₹113.57

announcement price

After-mkt

timing

Nifty Smallcap 250market-1.1%-0.2% vs market

Hotels & Resorts peers, median of 57sector-1.6%+0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Smallcap 250 and 0.2 pts more than its Hotels & Resorts 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

-0.4

10m

-0.6

15m

-0.4

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.4-1.1-0.2-1.6+0.2

Next day

-2.9-3.4+0.4-3.0+0.1

-2.0-4.4+2.5-2.5+0.6

-3.2-7.1+3.9-5.0+1.8

-2.9-6.1+3.1-4.3+1.3

-6.0-4.0-2.0-3.2-2.8

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Hotels & Resorts peers, median of 57Pending

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

AI summary

Lemon Tree Hotels' subsidiary Fleur Hotels received partial relief in a GST appeal. The Commissioner CGST Appeals Dehradun partially allowed Fleur's appeal against an earlier FY2018 order. Key win: interest on irregular ITC will not arise. The original order included tax, penalty, and interest under CGST Act 2017. Company says no material impact on financials and may take further legal action.

Likely market impact

Partial relief reduces tax liability, but company claims no material impact. Watch for any further legal action and next hearing outcome.