This stock lost 21 per cent of investors' wealth in a day

Polycab India, once a shining star in the electric goods market, has found itself in hot water. Since its debut on the stock market in April 2019, the company's value skyrocketed, making its shareholders nearly eight times richer by January 10, 2024. But now, it's caught in a storm of controversy. In a surprise move, the Income Tax Department swooped down on more than fifty of Polycab's locations, including major ones in Delhi, Pune, and Mumbai. This came just a day after the company tried to quell rumours of tax dodging with a press release. The investigation has unearthe