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Captioning the post, Harsh Goenka wrote, "Someone asked me- Have you met the next PM?".

RPG Group Chairman Harsh Goenka has raised alarm over a resurgence of stock market malpractices akin to the Harshad Mehta/Ketan Parekh era, particularly in Kolkata. He expressed concerns about promoters inflating profits and colluding with brokers to artificially boost stock prices to unsustainable levels. Goenka urged SEBI and the Finance Ministry to step in and investigate to protect small investors from potential losses. The warning follows a significant market decline, with the BSE Sensex and NSE's Nifty both experiencing sharp drops.

"With a booming stock market, all the malpractices of Harshad Mehta/Ketan Parekh era are back primarily in Kolkata. Promoters are inflating profits (through profit entry) and in nexus with Gujarati-Marwari brokers driving their stock prices to unrealistic levels," Goenka wrote on X (formally Twitter).

Harsh Goenka caught the attention of people on X after he shared a clip showing Dr Nishit Choksi talking about three secrets to a long and healthy life. | Trending

“All sectors, by and large, are doing well in India. I cannot think of a single sector which is not doing well. The pharma industry is seeing good growth. As far as the vehicle, the auto industry is doing well and therefore the tyre industry should do well and is doing alright as long as oil prices are in control. In the infrastructure sector, a lot of investment is taking place.”