tiprankstipranks

Syngene Receives Tax Order with No Material Impact

Story Highlights
  • Syngene International Ltd. is a biotech firm offering research and manufacturing services.
  • The company received a tax order but expects no material impact on its operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Syngene Receives Tax Order with No Material Impact

Syngene International Ltd. ( (IN:SYNGENE) ) has shared an update.

Syngene International Ltd. has received an order from the Income Tax Department demanding tax and interest totaling Rs. 1,84,90,166 for the Assessment Year 2019-20. The company is currently analyzing the order but has stated that it will not materially impact its financials, operations, or activities.

More about Syngene International Ltd.

Syngene International Ltd. operates in the biotechnology industry, providing contract research and manufacturing services. The company focuses on delivering integrated scientific solutions to the pharmaceutical, biotechnology, and agrochemical sectors.

YTD Price Performance: -18.56%

Average Trading Volume: 42,319

Current Market Cap: 288B INR

For a thorough assessment of SYNGENE stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App