The Securities and Exchange Board of India (SEBI) has taken decisive action against seven companies involved in a suspected pump-and-dump operation. The watchdog discovered an alarming price-to-earnings ratio exceeding 400,000, triggering immediate regulatory intervention. SEBI’s Whole-time Member Ashwani Bhatia announced comprehensive trading restrictions on multiple entities Thursday. The regulatory body barred Pacheli Industrial Finance Ltd … Continue reading Stock with 4,00,000 PE banned by SEBI on suspicion of pump and dump: 6 other stocks join the list