All malpractices of Harshad Mehta, Ketan Parekh era back via Kolkata: Harsh Goenka
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While raising a red flag against promoters showing inflated profits and brokers driving stock prices to unrealistic levels, industrialist Harsh Goenka on Saturday said all the malpractices of Harshad Mehta and Ketan Parekh era are back primarily in Kolkata. "Promoters are inflating profits (through profit entry) and in nexus with Gujarati-Marwari brokers driving their stock prices to unrealistic levels," Goenka tweeted. He also appealed markets regulator Sebi and the Finance Ministry to step in and investigate before small investors suffer severe losses. "With a booming stock market, all the malpractices of Harshad Mehta/Ketan Parekh era are back primarily in Kolkata," said the Chairman of RPG Enterprises who is among the most widely followed Indian businessmen on social media. https://twitter.com/hvgoenka/status/1786668757563097231 With the domestic equity market is flush with funds from retail as well as other domest...