Company flags suspected price manipulation to BSE and SEBI
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Centenial Surgical Suture Ltd has formally written to BSE and SEBI complaining about an abnormal price fall and suspected manipulative trades in its scrip. The company notes that only 1 share traded at Rs 71.25 in a recent session despite no material corporate announcements or business changes. It has submitted detailed trading data showing small-lot circular trading among common buyers, alleging pre-planned, synchronized activity designed to rig the price. The company denies any role by promoters or directors and is urging urgent investigation into potential misuse, unethical or illegal trades. Full cooperation for any probe has been offered.
Raises red flags on scrip liquidity and possible manipulation. SEBI and BSE may initiate a probe, which could bring volatility until resolved. Investors should stay cautious.