Afcons Infrastructure’s share price dropped by 7.05% to ₹411.45, following reports of Income Tax officials conducting searches at its Mumbai and Delhi offices. The stock opened at ₹434.00 and hit a high of ₹435.35, before dropping to a low of ₹410.55.
The trading volume stood at 13,91,367 shares, reflecting heightened investor activity amid news of the tax raids. The 52-week low of the stock was also touched at ₹410.55, with the upper circuit limit set at ₹531.15 and the lower limit at ₹354.15.
The reason behind the searches is not yet clear, but market sentiment appears impacted by the development. This is a developing story, and further details are awaited.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
