POLYCAB STOCK DOWN 22% AS IT DEPT FINDS Rs 1,000 CRORE UNDECLARED CASH SALE

FINANCE TALKS

By Aviion Business

By Aviion Business

Polycab India shares experienced a sharp decline of 22.4% to Rs 3,812.35 on the BSE following an income tax department search on January 10.

POLYCAB DOWN!

The income tax department conducted raids on 50 premises of Polycab India in Pune, Aurangabad, Mumbai, and Nashik, uncovering incriminating evidence related to tax evasion practices.

IT DEPARTMENT RAID:

NOTICE:

NOTICE:

DISCLAIMER:

*NOT A FINANCIAL ADVICE, PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE BUYING/SELLING ANY STOCK*