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Legal▼ Bearish for JSW Cement
JSW Cement receives ₹230 crore GST demand notice over alleged incorrect classification
The brief
- JSW Cement received a ₹230 crore GST demand notice over alleged incorrect classification
- Shares ended at ₹115.65, down 2.20% on the BSE
- The tax dispute adds uncertainty for JSW Cement investors and may weigh on sentiment toward cement stocks
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| JSWCEMENT | Fri, 25 Sept | −0.2% | −0.5% | 1.7× | −0.2% · Nifty +0.3% |
✓ Classifier read this as negative; JSWCEMENT fell 0.5% against the Nifty on the day it traded.
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ESDS Software's post-results share decline
ESDS reported June-quarter net profit of ₹29.3 crore, up 14% year over year but down 57% sequentially, while revenue rose 7% year over year and fell 20% sequentially. Its shares hit the 5% lower circuit; separately, JSW Cement received a ₹230 crore GST demand notice.
Monday, 28 September
Friday, 25 September
Thursday, 24 September
- JSW Cement receives ₹230 crore GST demand notice over alleged incorrect classification