The company has encountered significant challenges stemming from repeated issues with the tax department. Initially, it was the imposition of a 28% GST on the betting amount, followed by the substantial Rs 11,139 crore tax liability.
Given the uncertainty surrounding how these circumstances will ultimately affect the company's long-term profitability, it is advisable to exercise caution when considering investments in its stock.
I currently hold a position equivalent to approximately 1.25% of my capital, and I intend to maintain this position without further additions until a clearer understanding of the situation emerges.
My previous analysis is attached underneath this post. Check that out too.
Given the uncertainty surrounding how these circumstances will ultimately affect the company's long-term profitability, it is advisable to exercise caution when considering investments in its stock.
I currently hold a position equivalent to approximately 1.25% of my capital, and I intend to maintain this position without further additions until a clearer understanding of the situation emerges.
My previous analysis is attached underneath this post. Check that out too.
