The Securities and Exchange Board of India slapped a penalty of Rs 25 lakh on five entities for failing to disclose shareholding in Murli Industries.
SEBI has imposed a penalty of Rs two lakh on Minerva Textiles for allegedly not providing details sought by market regulator's Investigation Authority (IA) regarding a probe in shares of Murli Industries Ltd (MIL).
The Securities and Exchange Board of India has dropped its charges against 30 of the 69 entities alleged to have been involved in the price rigging of Welspun Corp., Murli Industries, Hubtown (formerly Ackruti City), Brushman India, and RPG Transmission in 2010. These entities had been banned from accessing the capital market since December 2010.
Murli Industries can move upto Rs 46-50 in next maybe couple of months, says SP Tulsian of sptulsian.com.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com spoke about his multi-bagger ideas for investors.