FirstCry's shares dropped 4.5% amid a GST investigation at its Pune office and warehouse.
FirstCry's shares fell 4.5% to Rs 597.80 following an investigation by the Mumbai GST department at its Pune head office and a nearby warehouse. The company stated it is cooperating with officials and that the investigation, initiated on November 6, has not impacted its operations. No details of violations have been disclosed. FirstCry is set to hold a board meeting on November 14 to discuss second-quarter results, with shares down 4.2% over the past month.
November 07, 2024
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