OIL updates on tax disputes: GST case ongoing, Assam land tax disposed

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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

-0.1%Reaction day

₹444.50

prior close

₹444.00

announcement price

After-mkt

timing

Nifty Midcap 150market-0.4%+0.3% vs market

Oil Exploration & Production peers, median of 5sector-0.7%+0.6% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Midcap 150 and 0.6 pts more than its Oil Exploration & Production 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

+0.1

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-0.4+0.3-0.7+0.6

Next day

-1.3-0.2-1.1-1.3-0.0

+1.9+0.3+1.6+0.2+1.7

+5.7+0.2+5.5+1.8+3.9

+6.2+0.5+5.7+1.3+4.9

+7.9+0.6+7.4-0.6+8.5

+6.8+0.2+6.6-0.4+7.2

15d

+6.4+0.4+5.9+2.5+3.9

+8.8-1.5+10.3+18.8-10.0

+0.9-6.1+6.9+5.1-4.2

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UpDownMarket · Nifty Midcap 150Sector · Oil Exploration & Production peers, median of 5Pending

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

AI summary

Oil India disclosed updates on two tax cases. In the GST-on-royalty case (Supreme Court), OIL agreed to deposit GST as per law within six weeks, subject to final outcome; cases tagged with Udaipur Chamber matter. In the Assam land tax case (Rs 2,484.81 crore demand for 2005-2024), the State of Assam told the Supreme Court it will withdraw the tax on mineral oil and move a bill in the State Legislature; the Court disposed of the case in OIL's favor.

Likely market impact

Positive: Assam land tax demand of about Rs 2,484.81 crore scrapped as State agreed to withdraw. GST deposit required near-term but final ruling pending.