The stock is falling continuously, now the company has given the news of penalty, have you also invested?

There is constant pressure in the stock market and meanwhile there are many stocks which are witnessing a continuous decline. One such stock is Kalyan Jewelers which has seen a decline in all the sessions except 4 sessions in the month of January so far and with this decline the stock has fallen by more than 37 percent in the month of January itself. Now on Saturday the company has informed that a penalty has been imposed on them in a case related to GST.

What information has the company given?
According to the company, it has received a penalty order from the CGST department of Thane, Maharashtra. According to the company, this penalty is related to input tax credit. A total tax credit of Rs 34,41,583 has been imposed on the company. The company received this penalty order on January 24. According to the company, this penalty will not have any significant impact on its business, financial position or any other activity. The company also said that it will appeal against this order. How was the stock performance? In Friday's trading, the company's stock closed at 459 with a decline of more than 4 percent. The stock had recorded the year's highest level of 795 on January 2 this year. That is, the stock has fallen by 42 percent in less than a month. On the basis of closing level, the stock has fallen by more than 37 percent in January. About a year ago, the stock had recorded the year's lowest level of 322. That is, even after this decline, the stock's yearly return has been more than 40 percent. The stock gave a return of more than 100 percent in the year 2024. 

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