SEBI Final Order against company in Mauria Udyog manipulation case

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Price

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

Price reactionminutes from the announcement price · days from the prior close

-13.2%Reaction day

₹7.26

prior close

₹7.03

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-11.2% vs market

Non Banking Financial Company (NBFC) peers, median of 213sector-0.6%-12.6% vs sector

On the reaction day the stock moved 11.2 pts less than Nifty Microcap 250 and 12.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

+3.8

15m

+3.8

30m

-7.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-13.2-2.0-11.2-0.6-12.6

Next day

-9.5-0.1-9.4-0.4-9.1

-6.5+1.2-7.7+0.2-6.7

-16.0+1.4-17.3+0.5-16.5

-14.6+0.4-15.0-0.7-13.9

-14.9+1.0-15.9-0.7-14.1

-12.8-0.5-12.3-0.5-12.3

15d

-10.7-0.6-10.2-1.7-9.1

-10.9+3.4-14.3-0.9-10.0

-10.9+6.0-16.9-1.3-9.5

-17.4+1.1-18.5-4.9-12.5

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 213Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

SEBI passed a Final Order on 30 June 2026 naming Econo Trade (Noticee 5) in the Mauria Udyog Ltd and 4 scrips manipulation case involving alleged price and volume rigging of 5 stocks with unlawful gains around Rs 143.79 crore. Company is in Sub-Group 5, allegedly controlled by Hanif Shekh, the alleged mastermind. Order was passed under Sections 11 of SEBI Act for PFUTP violations. Company is studying implications with legal advisors.

Likely market impact

Negative for shareholders. SEBI Final Order names the company in a major manipulation case. Penalties and disgorgement possible after the company reviews legal impact.