Friends, new scandal in stock market - Harsh Chacha's words

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Last Comment 2024-05-05

2024-05-04

Harsh Goenka, Chairman of RPG Group, has raised concerns about the return of stock market malpractices similar to those seen during the Harshad Mehta and Ketan Parekh era ¹.
He has noticed these malpractices primarily in Kolkata, where promoters are inflating profits and, in collaboration with Gujarati-Marwari brokers, driving their stock prices to unrealistic levels¹.
Goenka has called on the Securities and Exchange Board of India (SEBI) and the Finance Ministry to investigate these issues before small investors suffer severe losses¹.
His tweet on this matter has gained significant traction, with many users agreeing with his viewpoint¹.
One user pointed out that major Steel houses have seen their shares increase dramatically, with one company’s shares increasing close to 30x in the last year¹.
There is a widespread concern among users about the potential for small investors to suffer significant losses in the event of a market crash¹.
The article also mentions a significant market drop on May 3, with a broad-based sell-off leading to two of every three stocks on BSE trading in the red¹.

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https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10061231

Sidhi.Baat.No.Bakwas

2024-05-05

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Ham to crupto wale hain.. 200 300% tak down par bhi khish hi hote hain.. wo aayega for se..with better gain..

https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10059969

24karat_1

2024-05-05

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Seems he want to buy good stocks ar lower price stuck_out_tongue_winking_eye

https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10059714

bnbauri

2024-05-05

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One steel company based in Kolkata has a profit growth of 600% against sales growth of only 5%. A profit re entry of nearly 1700 crores in balance sheet to inflate profit.

https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10059820

nikhil9702

2024-05-05

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which company, can you share in dm

https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10059391

leo999

2024-05-04

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goenka ji has not done anything to protect investors or bring justice to the wrongdoings he noticed. He is a selfish man with vested interests.

https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10059384

Agni007

2024-05-04

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invested in good names, I won't bother...

https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10058915

chagg

2024-05-04

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Could it result in a crash?

https://www.desidime.com/discussions/c144fa7e-667c-48bc-b8fd-f4ad9571d0ab?page=1#post_10058973

lXl

2024-05-04

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No because now that हर्ष चाचा has disclosed the scam publicly the criminals including the nexus of companies, brokers, govt employees etc will exercise caution, stop the scheme temporarily or operate slowly instead to avoid unwanted escalation of forced govt intervention