Infosys has been charged with 33,000 crore tax evasion from DG of GST Intelligence. What will be the effect on stock tomorrow? Should I sell it?
massive gap down, possible green candle.
(not buy/sell reco)
That means it would gap down massively but stock would correct and close on green.
no one can predict. this is a single possibilty out of many,
its not a Tax evasion , but its a tax demand from the tax department
https://www.reuters.com/technology/indias-infosys-gets-324-billion-rupees-tax-demand-2024-07-31/
What would be it’s implications on stock price?
Just ITD shenanigans. Not going to hold up