Tata Steel: Tax case restored for hearing on Aug 19, 2026

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹182.70

prior close

₹183.60

announcement price

After-mkt

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Nifty 100market+1.0%-0.0% vs market

Iron & Steel peers, median of 10sector+1.2%-0.3% vs sector

On the reaction day the stock moved in line with Nifty 100 and 0.3 pts less than its Iron & Steel 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

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Sessions after the filingfrom the prior close

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Reaction day

+1.0+1.0-0.0+1.2-0.3

Next day

+0.2+0.8-0.7+1.7-1.5

+2.7+1.9+0.8+4.0-1.3

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+5.6+3.6+2.0+7.3-1.7

15d

+1.8+2.5-0.7+3.7-1.9

+2.2+1.8+0.5+6.9-4.7

+2.0-3.8+5.7+1.3+0.7

-6.2-4.6-1.5-7.3+1.2

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

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

AI summary

Tata Steel's Bombay HC writ petition on AY2019-20 tax reassessment of a Rs 25,185.51 crore loan waiver to Tata Steel BSL has been restored for hearing on Aug 19, 2026. The matter was earlier set aside in Aug 2025, but Finance Act 2026 retrospective amendment reversed that precedent. Company allowed to challenge amendment's constitutional validity. Tax dept to file counter affidavit. Company says it has strong case on merits.

Likely market impact

Rs 25,185 crore tax demand at stake. Outcome pending Aug 19 hearing. Adverse ruling could hit earnings.