10,000% stock rally ends with Sebi suspension over false disclosures

Quick Summary:

BSE has suspended trading in Bharat Global Developers after a Sebi investigation revealed a pump-and-dump scam, leading to a 10,000% rise in its stock price.

Sebi has barred several entities involved and accused the company of making false disclosures to boost stock prices.

According to Sebi's investigation report, the company changed its management in Dec 2023.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaOmanPakistan

Topics: Pump-and-dump scam Business news Stock market Bharat Global Developers Sebi BSE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 06:47:04 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 591 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24620011

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