Parle industries Stocks Slide By Means Of Over 7.00% In Only A Week Amid Income Tax Raids At Parle-G Production Units.
Parle is synonymous with the organization's benchmark iconic biscuit brand, Parle-G, among other FMCG products. Lately, the agency found itself in a soup while the profits tax government performed raids at the producing units of the enterprise's marquee merchandise, the Parle-G.
On Friday, march 7, the profits tax branch performed a raid on the organization's workplaces and production unit in Mumbai's Vile Parle.
This news broke closer to the give-up of the trading day on march 7, as the markets geared up to shutter, no longer just for the day but for the week; the organization shares collapsed and dashed to hit the lower circuit.
The shares of Parle industries Ltd indexed on the BSE dipped via 1.98 percent or Rs 0.35 before the final for the day. The organization stocks had previously closed at Rs 17.70 on Thursday.
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Week of Decline
However, it is not just that; whilst we look at the overall development of the agency stocks during the last week or 5 buying and selling periods, the general decline has been huge.
The organization's shares have declined by 7.66 percent or Rs 1.44 in the past five trading sessions. In addition to that, the business enterprise stocks have most effectively reduced in size in the past month of change, as the general decline within the organization stocks during the last month amounts to 7.52 percent or Rs 1.41.
The modern cost of Parle industries Ltd stands at Rs 17.35 in keeping with the share.
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Parle industries Q3 effects
The organization had an abysmal Q3, as the enterprise witnessed a monumental decline in its numbers.
Parle industries Ltd's net income fell with the aid of a gargantuan 466.67 percent in step with the reason that last year's identical duration. The general income stood at a light Rs 0.22 Cr within Q3 2024-2025.
On a quarterly basis, the Mumbai-primarily based agency witnessed a 157.89 percent fall in its net income over the last 3 months.
On a quarterly basis, the Mumbai-based total enterprise witnessed a 157.89 percent fall in its internet earnings over the remaining 3 months.
The employer's total income, according to the exchange filing, stood at Rs 0.16 crore. Meanwhile, the entire charges have been at Rs 0.10 crore for the zone that ended in december 2024.
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