Shares of India Pesticides Ltd. saw a nearly 2% decline after the company announced that the Income Tax Department is conducting a search at its registered office and other premises. The company reassured investors that it and its employees are fully cooperating with the authorities and providing all necessary information and support.
In the exchange filing, the company shared, “We would like to inform you that a search by the Income Tax Department is being carried out at the registered office and other premises of the Company. The Company and its employees are fully cooperating with the authorities and providing them with all necessary information and support.”
India Pesticides shares opened at ₹192.00, reaching a high of ₹193.42 and a low of ₹185.00 during the day. With a 52-week high of ₹431.75 and a low of ₹173.50, the stock has shown significant volatility.
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