Advani Hotels files SEBI complaint against Simply Wall Street
ADVANIHOTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Advani Hotels filed a SEBI complaint against Australian firm Simply Wall Street for publishing allegedly inaccurate, unregistered research on Indian securities. SWS values Advani at INR 20.39 per share versus market price INR 53.86, calling it 164% overvalued. The company disputes claims on dividends, CEO pay, and board changes, and submitted independent valuations showing its Goa resort business is worth INR 828 to 1004 crores and its 22-acre land alone is worth INR 436 crores.
No direct impact on the company itself; complaint targets a foreign research provider. May reassure retail investors if SEBI acts on misleading foreign research.