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POLYCAB IT RAID
Gensol Engineering shares hit 5% lower circuit as ED raids Ahmedabad, Gurgaon offices over FEMA probeGensol Engineering shares: The agency also issued directives under the Foreign Exchange Management Act (FEMA) and the Income Tax Act, 1961,...- Wire fire extinguishes! Polycab shares zoom 65% since January lows to fresh peakShares of wires and cables manufacturer Polycab India have zoomed 65% to a new all-time high of Rs 6,242 since January’s low of Rs 3,801 wh...
- No written communication from I-T Dept regarding outcome of Dec raid: PolycabPolycab India, raided by tax authorities in December 2023, reported that it got no written communication regarding search outcome. Polycab'...
- Very positive on overall India story, not so much on the export and FMCG story: Deepak ShenoyDeepak Shenoy remains optimistic on India's overall story and cautious on exports and FMCG sectors. He emphasizes the importance of clarity...
- Polycab shares extend fall to 2nd down, down 4% post Q3 resultsPolycab share price: Polycab India reported a double-digit growth in both profit and revenue for the quarter ended December. The consolidat...
- Why Deepak Shenoy has no regrets for selling Polycab and why he likes LICDeepak Shenoy says Reliance is a sum of the parts valuation due to its various businesses, including telecom, oil and gas/chemical, and ret...
- Never say never in the market; Sanjiv Bhasin on 3 value buys even as Nifty conquers 22KSanjiv Bhasin says markets are all about fine-tuning. IT has proven that whatever seems infeasible becomes feasible over time. Wipro and HC...
- Polycab Update: IT dept putting out press release without sending notice, a travesty of justice from procedural perspective: Shriram SubramaniumShriram Subramanium says: “Ideally the department should first have sent the demand notice and given the opportunity to the company and the...
- Wire on fire! Polycab stock derating looks inevitable after income tax raidsPolycab shares rose 3% on Friday as bottom-fishers took action after a 21% drop on Thursday due to income tax raids uncovering unaccounted ...
- Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech DevelopersBrokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capi...
- Sensex ekes out marginal gains ahead of TCS, Infosys results; US inflation dataThe BSE benchmark Sensex rose 63 points or 0.09% to settle at 71,721. The NSE Nifty gained 28 points or 0.13% to end at 21,647. From the Se...
- Polycab plunges 20% as I-T dept detects unaccounted sales of Rs 1,000 crore during raidsShares of electrical equipment manufacturer Polycab tanked 20% to the day's low of Rs 3,801 on Thursday after the Income Tax department det...
- I-T dept found unaccounted sales of Rs 1,000 crore during raids against Polycab"Credible evidences recovered during the search have established that the flagship company has made unaccounted cash sales of around Rs 1,0...
- Sanjiv Bhasin’s 2 bets on religious tourism; 3 cement stocks to buySanjiv Bhasin says: “When it comes to religious torism, the winners are going to be Indian Hotels and IRCTC. Also, add UltraTech, Ambuja an...
- Polycab shares drop 4% after reports of income tax raidsPolycab is India's largest company in the cables and wires sector with a market share of 15% in the organised category. The stock, which ha...
- Market Movers: What changed for D-Street while you were sleepingAsian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook.
- I-T raids reveal problems in corporate governanceI-T dig up unaccounted money worth over rs 1,000 cr in just 3 months.
- After HDIL, I-T dept now raids Polycab Wires' officesThe Income Tax department has raided the offices of Mumbai-based cable company Polycab Wires in a swift operation that started late Tuesday...
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