Archive · 24 Jul 2026
Graphite India shares rise 5% amid market crash
Graphite India's share price went up by 5% on Friday, even though the stock market was crashing.
This happened because the company got an order from the tax department, but the company said it won't affect their money much.
The company will check the order and might appeal against it.
The tax demand, interest, and penalty are all in lakhs, but the company's market value is still very high.
Meanwhile, the market is worried about the US-Iran situation and oil prices.
Graphite India's share price rose 5% despite a market crash.
The company received a tax order but said it won't impact financials.
Tax demand, interest, and penalty totaled in lakhs.
Market cap of the firm rose to Rs 13,236 crore.
Overall market crashed with Sensex down 917 points and Nifty down 263 points.
- Who
- Graphite India
- What
- Share price surge amid market crash
- When
- Friday
- Where
- Indian stock market
- Why
- Received order from Additional Commissioner (Appeals), State Tax, LTU
Market Optimism
Market Pessimism
Stock Performance
Market Optimism
Graphite India's shares surged 5% despite a market crash, indicating investor confidence in the company's ability to handle the tax demand.
Market Pessimism
The overall market crash, with Sensex down 917 points and Nifty down 263 points, suggests broader economic concerns and investor pessimism.
- Tax Demand
- Rs. 35,98,869 (IGST+CGST+SGST)
- Interest
- Rs. 35,52,232 (IGST+CGST+SGST)
- Penalty
- Rs. 3,59,888 (IGST+CGST+SGST)
- Market Cap
- Rs. 13,236 crore
- Shares Traded
- 1.80 lakh
- Turnover
- Rs. 12.24 crore