Shares of Marico Limited are expected to be in focus today after Zee Business reported live that the Income Tax Department’s investigation wing has conducted a survey at the company’s premises.
According to the channel, the survey was carried out by the Income Tax authorities on September 17. Details of the scope and findings of the exercise have not yet been disclosed.
At the time of the report, Marico’s shares were trading at Rs 715.00, down Rs 8.90 from the previous close. The development is likely to attract market attention, with investors tracking updates on the matter closely.
Marico, a leading FMCG company, is known for its flagship brands such as Parachute, Saffola, and Livon. The outcome of the survey could have a bearing on investor sentiment in the short term.
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