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Astronomical gains in penny stocks land under Sebi lens
Mint New Delhi
|January 21, 2025
The markets regulator has stepped up its surveillance of penny stocks and micro-cap companies that have returned exponential gains in a short period, as per a senior official aware of the matter, as the watchdog continues to increase scrutiny to protect small investors.
Astronomical share price rises could signal speculative trading, posing risks to retail investors, particularly those new to the stock market, the official said on the condition of anonymity. Sebi, the official said, aims to protect investors through targeted enforcement. But as the regulator can
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