Showing posts from September, 2017

Back with a bang – Jignesh Shah

Jignesh Shah’s Financial Technologies India Limited (FTIL), now known as 63 moons technologies shares climbed to considerably higher prices today. The stock rose to a high of ₹ 82.55. The Bombay Stock Exchange (BSE) for which Shah worked earlier in his career holds a daily volume of 3.08 lakh shares. The company today witnessed a volume of almost 10 lakh - thrice the amount of the normal.
On the National Stock Exchange (NSE), however, the stock saw a high at ₹ 82.70. About 4.6 million shares have been noted on the NSE in this session so far in this season. After struggling for support post-Securities and Exchange Board of India (SEBI)’s order of impounding averted losses exceeding ₹ 125 crore, the stock touched a low of ₹53.80 in August. The Board had alleged 13 people for insider trading in MCX and its previous supporter FTIL. The accused included family members of Jignesh Shah for possession of price sensitive information regarding the National Spot Exchange Limited (NSEL) case. It p…