Second Day of IT Raid at Ward Wizard: Impact and Latest Updates
February 08, 2024
e-bikes
/ Financial Transactions
IT Ride Continues for Second Day at Ward Wizard Company The blog post provides a detailed account of the ongoing IT Raid at the Ward Wizard Company, a manufacturer of e-bikes. It covers the impact on the stock market, the scope of the investigation, and a brief background of the company's Chairman and Managing Director, Yatin Gupta. The post concludes with the anticipation of uncovering unaccounted money worth crores of rupees. Stay tuned for updates {jistoc} $title={Table of Contents} Introduction The Income Tax Department has launched an extensive investigation into the Ward Wizard Company, a prominent manufacturer of e-bikes. The probe, which began yesterday, has continued into its second day, covering six to seven locations associated with the company. Impact on Stock Market The repercussions of the investigation were immediately felt in the stock market. By the end of the first day, Ward Wizard's share price had fallen by Rs 6.11, closing at 75.42. Today,...