The Intelligent Bureau has reportedly named seven companies including Pantaloons in a major stock market scam. IB has submitted its findings to the government wherein it has alleged that these corporate honchos have joined hands with Ketan Parekh to engage in stock manipulation activities ‘using circular trading, insider trading and use of front entities to rig up prices.’ The media reports have also questioned on market regulator SEBI’s role over this IB report, as it has not taken any action so far.
The IB report has also allegedly claimed that these business tycoons were in touch with a senior official from cash rich LIC and other insurance companies to sell the shares. Dewan Housing Finance Corp, Goenka Diamond and Jewels, Orchid Pharmaceuticals and Chemicals, IVRCL, GMR Infrastructure and Tribhuvandas Bhimji Zaveri are the other six companies being named in the IB report.
Pantaloon Retail (India) is currently trading at Rs. 183.00, down by 9.00 points or 4.69% from its previous closing of Rs. 192.00 on the BSE.
The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 192.10 and Rs. 181.80 respectively. So far 430879 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 364.15 on 27-Jul-2011 and a 52 week low of Rs. 125.30 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs. 203.20 and Rs. 179.75 respectively. The current market cap of the company is Rs. 4221.75 crore.
The promoters holding in the company stood at 43.66% while Institutions and Non-Institutions held 33.86% and 22.48% respectively.
| Company Name | CMP |
|---|---|
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| Trent | 4105.95 |
| Vishal Mega Mart | 118.90 |
| Aditya Birla Lifesty | 105.86 |
| PN Gadgil Jewellers | 667.45 |
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