BSE cautions buyers in opposition to unsolicited messages in these penny shares. Examine particulars

BSE has cautioned buyers in opposition to dealing in Elegant Floriculture & Agrotech India and Spright Agro scrips primarily based on suggestions coming from unauthorized or unregistered entities by way of Whatsapp, Telegram, SMS, calls, social media platforms or by another means.

It mentioned that buyers ought to stay cautious in opposition to getting trapped by way of claims of excessive or assured returns from buying and selling within the securities market.

Elegant Floriculture & Agrotech India is a penny inventory with market capitalization of Rs 16 crore on the BSE. The inventory right now ended at Rs 8.07, falling by Rs 0.42 or 4.95% over the Wednesday closing worth. The inventory right now hit a 5% decrease circuit of Rs 8.07. There was a spurt in its volumes by over 1.10 instances in right now’s commerce.

In one other media launch, the change warned in opposition to sure entities which might be allegedly engaged in unauthorized actions like funding/buying and selling suggestions with out analysis analyst registration.

These entities are Vijay Wealth Advisor, Baadshah Badshah Broking, Baadshah Broking Baadshah, Pankaj Bhardwaj Way2laabh TM Pankaj Bhardwaj Way2laabh.

All these entities are working by way of their Telegram channels.”Please be aware that these people/entities are neither registered as members nor as Licensed Particular person of any registered member of the BSE Restricted. Additional they’re both offering securities market tricks to buyers or assured/assured returns on funding in inventory market or providing to deal with buying and selling accounts of buyers by asking buyers to share their Login ID/Password,” the BSE launch mentioned.The buyers can confirm the registration of change intermediaries by visiting the BSE web site.

BSE has additionally suggested buyers to not share their buying and selling credentials corresponding to person ID/password with anybody for buying and selling of their account/dealing with of the portfolio.

The exchanges and market regulator Securities and Change Board of India (Sebi) have been warning buyers in opposition to collaborating in such forms of prohibited schemes.

The participation is at buyers’ personal threat, value and penalties as such schemes are neither permitted nor endorsed by the exchanges.

(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)