Tax demand of Rs 16.30 Cr from Kolkata tax unit, RVNL to appeal

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RVNL · 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

-0.5%Reaction day

₹306.60

prior close

₹305.00

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.2%-0.7% vs market

Civil Construction peers, median of 96sector-0.8%+0.3% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and 0.3 pts more than its Civil Construction 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

-0.2

10m

-0.2

15m

+0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.2-0.7-0.8+0.3

Next day

+4.1+1.4+2.7+0.4+3.7

+8.4+2.2+6.2+1.5+6.8

+11.7+2.3+9.4+1.4+10.4

+12.4+1.8+10.6+1.8+10.7

+26.3+1.6+24.7+0.8+25.5

+17.4+1.0+16.4+0.1+17.3

15d

+8.8+0.6+8.1-2.8+11.6

+7.9+0.1+7.8-6.4+14.3

+0.7+1.4-0.8-8.8+9.5

-10.2-5.0-5.2-15.6+5.4

UpDownMarket · Nifty Midcap 150Sector · Civil Construction peers, median of 96Pending

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

AI summary

RVNL received a demand notice of Rs 16.30 Cr from the Senior Joint Commissioner, Large Taxpayer Unit, Kolkata for FY 2021-22. The company states there is no material impact on its financials or operations. RVNL plans to file appeals with the appropriate appellate authorities to challenge the order.

Likely market impact

Minor tax dispute for FY 2021-22; company says no material impact and will appeal. Likely limited effect on the stock.