The Daily Brief SEBI takes down another case of stock manipulation
Nov 4, 2025
The discussion reveals how SEBI dismantled a stock manipulation ring using complex tactics like circular trading and collusion through linked accounts. Evidence from digital trails led to significant penalties for the manipulators and warnings for retail investors. The second segment dives into a looming gas glut, driven by a massive LNG expansion led by the US and Qatar, contrasting with weak demand growth in Asia. The IEA's insights highlight a chaotic gas market, underlying shifts in contract flexibility and the rise of low-emission gas alternatives.
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Small-Cap Pump-And-Dump Case
- Quaza India Limited's shares jumped 400% in two months due to a coordinated scheme by 20 individuals and entities.
- SEBI found they built positions quietly, then circularly traded to pump price before dumping to retail investors.
Three-Phase Manipulation Playbook
- Manipulators used three phases: accumulation, pump via circular trading, and dump to retail investors.
- The group pocketed about Rs 1.96 crores while leaving many new shareholders exposed.
Digital Trails Reveal Collusion
- SEBI detected collusion through synchronized trades, money recycling and shared digital footprints like IP and location data.
- These subtle tech and fund-flow trails made the case definitive despite denials.