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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). ....
RPG Group & its companies champions green initiatives adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
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 ....