Jubilant FoodWorks shares drop 2% on GST demand notice
after close1 source ↓written by the desknot a recommendation
- to an intraday
- 2.2%
- after receiving
- ₹420.80
- demand notice
- ₹46.9 crore
Jubilant FoodWorks shares fell 2.2% to an intraday low of ₹420.80 after receiving a GST demand notice for ₹46.9 crore. The company plans to challenge the notice, which claims an incorrect reversal of Input Tax Credit in its GST return filings. This development may impact investor sentiment in the near term.
Not investment advice. For informational purposes only.