Pump-and-dump operation: Sebi bans 221 entities for up to 7 years; Hanif Shekh fined Rs 10 cr

Sebi has taken significant action against a large-scale pump-and-dump operation, imposing a barring on 221 parties, including the alleged ringleader Hanif Shekh, from participating in the securities market for up to seven years. An imposing fine of Rs 10 crore was also levied. Between 2017 and 2020, this illegal scheme manipulated five stocks, artificially inflating…

Quote of the day by Edwin Lefevre: “It is not the certainty of disaster ahead but the uncertainty of better days to come that keeps the investor from buying”

Financial wisdom highlights that markets often reward those who act amidst uncertainty. Waiting for absolute clarity during downturns can lead to missed opportunities as stock prices recover. History shows strong rallies often begin with weak sentiment. Successful investing hinges on discipline, focusing on long-term fundamentals rather than short-term fears. Uncertainty, therefore, presents a chance to…