A major stock market scam involving big players such as tainted stockbroker Ketan Parekh (KP), apparently banned from trading on the bourses till 2017 by securities market regulator SEBI, has been exposed by the Intelligence Bureau (IB), according to a report by India Today.
It further says the damaging IB report, submitted to the top officials of the government, suggests that KP and his associates are driving up share prices through the creation of false volumes.
The IB report names companies like Dewan Housing, Goenka Diamond, Orchid Chemical, IVRCL, Pantaloon, TBZ IPO and GMR Infra as targeted by the KP and associates.
Goenka Diamond and Jewels touched an intraday high of Rs 191.35 and an intraday low of Rs 161.65. At 09:20 hrs the share was quoting at Rs 161.65, down Rs 40.40, or 20%. There were pending sell orders of 42,758 shares, with no buyers available. It was trading with volumes of 4,015 shares.
Dewan Housing Finance Corporation touched an intraday high of Rs 177.40 and an intraday low of Rs 169.20. At 09:21 hrs the share was quoting at Rs 173.00, down Rs 9.90, or 5.41%. It was trading with volumes of 12,683 shares.
GMR Infrastructure touched an intraday high of Rs 26.00 and an intraday low of Rs 25.10. At 09:21 hrs the share was quoting at Rs 25.20, down Re 1, or 3.82%. It was trading with volumes of 63,382 shares.
Tribhovandas Bhimji Zaveri touched an intraday high of Rs 118.00 and an intraday low of Rs 112.75. At 09:21 hrs the share was quoting at Rs 113.00, down Rs 6.10, or 5.12%. It was trading with volumes of 22,918 shares.
Pantaloon Retail touched an intraday high of Rs 192.10 and an intraday low of Rs 182.95. At 09:21 hrs the share was quoting at Rs 185.85, down Rs 6.15, or 3.20%. It was trading with volumes of 75,725 shares.
IVRCL touched an intraday high of Rs 52.50 and an intraday low of Rs 51.10. At 09:21 hrs the share was quoting at Rs 51.15, down Rs 1.85, or 3.49%. It was trading with volumes of 77,532 shares.
Orchid Chemicals and Pharmaceuticals touched an intraday high of Rs 124.10 and an intraday low of Rs 118. At 09:21 hrs the share was quoting at Rs 121.00, down Rs 4.35, or 3.47%. It was trading with volumes of 82,453 shares.
1 comment:
What Kid Stuff !!!! """ Promoters deny any knowledge on the manipulations"".Which fool would accept it on record even if they knew.As far as Ketan Parekh is concerned,he did what he is best at.If it was not for Harshad Mehta's early departure,many a scam would have come frequently.
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