SELL JSW STEEL FUT@917 CMP / TGT 895-850-800 / SL 940.
(This Is Not A Technical Recommendation)
IMPORTANT: Income Tax Raids Have Been Conducted On Jsw Steel & Power.
200-250 Officials Have Raided Around 15-20 Premises In Mumbai, Bangalore, Ratnagiri And Rajasthan Have Been Raided.
The Taxmen Are Investigating Alleged Bogus Capital Expenditure And Wrongful Claim Of Deduction. Besides, The I-T Is Also Investigating Alleged Adjustment Of Company Books To Reduce Tax Liabilities.
Officials Of Both Jsw Steel And Jsw Energy Were Unavailable For Comments.
We Are Expecting Once They Meet Officials Of Jsw Steel & Jsw Energy Reaction Towards The Stock May Turn Negative,
Because 90% Investors & Traders Are Not Aware Of This Raid.
