The Securities and Exchange Board of India (Sebi) has got evidence of a few cases of market manipulation in illiquid and penny stocks in the ongoing bull run. | |
| Pointing to the abnormal movement in illiquid stocks, Sebi Chairman M Damodaran said here on Thursday the regulator was trying to find out why a few stocks with no trading record suddenly started going up with a scorching pace. |
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| "We are examining whether there is any manipulation or unethical practices involved in these recent movements," he said while addressing a seminar on capital markets organised by the Indian Chamber of Commerce. Later, he indicated that in 2-3 cases, the Sebi got some leads on manipulation. |
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| Sebi, he said, has started putting such stocks in the trade to trade segment and is imposing 100 per cent margins for them as a corrective measure. |
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