Here are two more examples of share movement that has nothing to do with fundamentals and everything to do with other possible illegal reasons
Both stocks can be traded in market lots of 50
ie you can only buyor sell 50 shares in one trade not less
Krishna deep has gone up 1000 percent from 11 to 118
Santowin has gone up 1000 percent too from 20 to 227
Thres no reason for either of these to rise no change in mangement or value unlocking or sale of land or new plant nothing
promoters holding in krishna deep has come down form 35 to 4 percent and in case of Santowin from 60 to 14 percent
Santowin has only 287 shareholders Krishna deep only 285
Both stocks have gone up on thin volumes
1 comments:
Another form of manipulation is Opening Gap Manipulation: operators simply manipulate the opening price, gapping it up and down based on news. For example, on 14 Nov. 2011, Shree Renuka Sugars was gapped down by 20%, forcing retail investors to trade at a loss.
The "pre-open session" is also being used to this effect: namely, to manipulate prices. SEBI should look into this opening gap manipulation.
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