Pyramid Saimira Theatre Ltd today surged nearly 20 per cent, touching its upper limit on the Bombay Stock Exchange (BSE) even as the market regulator Sebi barred the company's promoter P S Saminathan from share trading.
Sebi had yesterday barred Saminathan from share trading and being a director in any listed company for 10 years after the company was found inflating its profits during 2007-08.
Despite suffering the jolt, shares of Pyramid sky-rocketed by 19.94 per cent to touch an upper circuit of Rs 7.46 on the BSE.
Sebi has also restrained Uma Saminathan, co-promoter and wife of Saminathan, from any dealing in the securities market and from being a director of any listed company for a period of five years.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app