{"id":104436,"date":"2023-06-23T14:00:00","date_gmt":"2023-06-23T08:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104436"},"modified":"2023-06-23T13:39:01","modified_gmt":"2023-06-23T08:09:01","slug":"penny-stock-drops-up-to-20-after-sebi-bars-the-company-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-drops-up-to-20-after-sebi-bars-the-company-check-the-details\/","title":{"rendered":"Penny Stock drops up to 20% after SEBI bars the Company &#038; its Promoters; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4225282631\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of Rs 200 crores, the stocks of Eros International Media Limited saw a deep drag today after they slipped nearly 20 percent and reached Rs 21.10. The scrip is currently trading at Rs 21.70 which is near the 52-week low level of Rs 20.65.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-239100478\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>One of the contributing factors to such a deep fall is pertaining to a regulatory filing that the company released with the BSE after market hours. The filing contained an Interim Ex Parte Order (binding order) from the Securities and Exchange Board of India (SEBI) in regard to an alleged breach of trade practice regulations.&nbsp;<\/p><p>Moreover, the capital market regulator also barred Mr. Sunil Lulla, Vice Chairman and Managing Director of Eros International Media Limited, from holding any Directorial position in any of the Group\u2019s listed subsidiary companies.&nbsp;<\/p><p>Another one on the list is Mr. Pradeep Dwivedi who is barred from holding a Directorial position and accessing the stock markets until further order.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2652472270\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company reported annual sales of Rs 680 crores during FY22-23 as compared to Rs 373 crores of sales in the previous financial year. Despite such positive numbers, the company\u2019s Profit After Tax (PAT) slipped making it worse from a loss of Rs 9 crores during FY21-22 to a loss of Rs 119 crores in FY22-23.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/EROSMEDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Eros International Media Limited<\/a><\/strong> is engaged in the Entertainment and Media industry operating in the process of producing and distributing films in India and abroad. It distributes film content through various channels including television syndication, theatrical and digital platforms.\u00a0<\/p><p>Investments in penny stocks are highly risky due to the company\u2019s level of operations and the nature of illiquid trading as far as the stocks are concerned. Thus, it is advised to do a thorough analysis of the stock or consult your investment advisor before taking an entry into the same.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2759575812\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of Rs 200 crores, the stocks of Eros International Media Limited saw a deep drag today after they slipped nearly 20 percent and reached Rs 21.10. The scrip is currently trading at Rs 21.70 which is near the 52-week low level of Rs 20.65.&nbsp; One of the contributing factors to such [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3554,5516,5532,6731,6137,5533,936,4183,3157,2746,2597,2599],"class_list":["post-104436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-penny-stocks","tag-penny-stocks-2023","tag-penny-stocks-to-buy","tag-penny-stocks-to-buy-in-2023","tag-penny-stocks-to-buy-now","tag-penny-stocks-to-watch","tag-stock-market-news","tag-stock-to-trade","tag-stock-to-watch","tag-stocks-to-buy","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny Stock drops up to 20% after SEBI bars the Company &amp; its Promoters; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of Rs 200 crores, the stocks of Eros International Media Limited saw a deep drag today after they slipped nearly 20 percent and reached Rs 21.10. The scrip is currently trading at Rs 21.70 which is near the 52-week low level of Rs 20.65.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/penny-stock-drops-up-to-20-after-sebi-bars-the-company-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny Stock drops up to 20% after SEBI bars the Company &amp; its Promoters; Check the details\" \/>\n<meta property=\"og:description\" content=\"With a market capitalization of Rs 200 crores, the stocks of Eros International Media Limited saw a deep drag today after they slipped nearly 20 percent and reached Rs 21.10. 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