Amid suspicions of tax evasion, Polycab India Limited's shares saw a steep decline in trading on Tuesday, January 9. The stock fell 6.26% to close at Rs 4,850, the day's low. Approximately 2.44 lakh shares were traded today on the BSE. The amount was much more than the 16,000 share two-week average volume. With a turnover of Rs 122.70, the counter was valued at Rs 73,101.06 crore, or its market capitalization (m-cap). For the unversed, the income tax (I-T) department conducted searches at a few of the company's locations and plants in December last year. BluSmart Mobility Announces Pricing Structure and Introduces ‘Rush Hours’ and ‘Relaxed Hours’ Fees To Better Align With Your Travel Needs.
Polycab India Share Price Today
Sources say Income Tax Dept has claimed tax evasion of ₹200 cr in #Polycab. Company though denies any evasion, says it has received no communication from I-T Dept on outcome of search pic.twitter.com/S0IjNPCdaT
— CNBC-TV18 (@CNBCTV18Live) January 9, 2024
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)