Polycab India Share Drops 20%: It Dept Finds Unreported Cash

By Author: finowings
Total Articles: 3
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In a surprising turn of events, Polycab India's share prices have taken a substantial hit, plummeting by 20% in the wake of a recent revelation by the Income Tax Department. The authorities have uncovered unreported cash, adding an unexpected layer of complexity to the company's financial landscape.

Investors are closely monitoring the situation as the market responds to this development. The unanticipated drop in share prices has spurred discussions about the potential ramifications for both short-term traders and long-term investors.

The Income Tax Department's findings raise questions about the company's financial transparency and governance. This revelation has prompted investors to reevaluate their positions in Polycab India, considering the potential consequences on the company's credibility and overall market standing.

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