Dishman Carbogen at new low

Any news of an Income Tax raid and the market gets wary. That’s the reason why Dishman Carbogen today hit a new 52-week low at Rs.102.50.

The stock is down after the company notified the stock exchanges that officials from the Income-Tax Department visited the company's Head Offices and manufacturing sites in connection with search under Section 142 of the Income-Tax Act on December 19, and search enquiry is currently ongoing.

Though the company said that this will have no impact on its routine operations, the market does not really take any IT raid news lightly.