Advani Hotels files SEBI complaint against MarketsMojo for incorrect data

ADVANIHOTR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.4%1-day move

₹52.69

prior close

₹52.61

base price

In-mkt

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AI summary

Advani Hotels has filed a complaint with SEBI against InfinHub Market Technologies, operator of MarketsMojo.com, for publishing unregistered research on Indian securities with incorrect financial data. Key errors flagged include claiming a 133% dividend payout when actual is around 70%, a false interest coverage ratio of 27.15x, and using 15 to 17 year old data for misleading comparisons. The company also highlights contradictory ratings, with a Good rating at 8am changing to Hold at 8:45am the same day. Advani is seeking a cease and desist order and enforcement action.

Likely market impact

May pressure MarketsMojo to correct or remove content. No direct impact on Advani's hotel operations or financials at this stage.