Branch² Intelligence
'842% Rally': SEBI Busts Alleged Coordinated Scheme That Pumped Osiajee Texfab Shares
Key takeaway
SEBI bars 19 entities for coordinated trading in Osiajee Texfab, alleging 516 synchronized trades and misleading disclosures.
- Step 1SEBI bars 19 entities for coordinated trading in Osiajee Texfab, freezing trading and exposing manipulation.
- Step 2The stock price collapses as artificial demand vanishes; retail investors who bought at inflated prices face losses.
- Step 3SEBI's action deters similar manipulation in other micro-cap stocks, reducing liquidity and increasing compliance costs for small-cap companies.
Source: IN:NDTV Profit
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