Announced Wed, 8 Jul · 12:42 IST
Delhi High Court stays stamp duty order against Poly Medicure
POLYMED · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹1667.00
prior close
₹1653.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-0.1-1.3+0.3-0.8+0.1+3.7+0.5————
Up moveDown movePending
AI summary
Poly Medicure had challenged stamp duty orders from the Office of the Collector of Stamps, Delhi in the Delhi High Court. At the July 3, 2026 hearing, no one appeared for the respondent, and the court stayed execution of the impugned order till the next date of hearing. The company received the order copy on July 7, 2026.
Likely market impact
Positive for shareholders as the court has temporarily halted the stamp duty order. Final outcome depends on the next hearing.