Sebi fined Shivani Gupta, Sachin Gupta, Amit Garg and Quick Developers a total of Rs 8 crore for alleged unlawful gains by violating insider trading norms.
SEBI also directed the restraining of these persons from accessing the securities market and prohibiting them from buying, selling or otherwise dealing in securities for an appropriate period.
The latest ruling comes after a probe into the movement of share price of PC Jeweller during the April-July 2018 period.
The rating factors in stressed liquidity position and deterioration in the financial flexibility of the company which has led to instances of devolvement of Letter of Credits (LC) and overutilization in its working capital limits for more than 30 days.
The company clarifies that there was no increase in the absolute amount of working capital limits even after SBLC invocations and there was only an intra facility exposure mismatch.
The matter pertains to the company's buyback offer that was approved by its board on May 10, 2018.
Total income, however, rose to Rs 2,203.91 crore during the January-March quarter of 2018-19 fiscal from Rs 2,114.64 crore in the corresponding period of the previous year.
Overall pattern setup suggests that trend could remain intact while decline could be bought to continue its upward journey, experts said.
In the BSE Smallcap index, 60 percent of total 750 stocks were in the positive return on closing of April 16 and of which top 45 stocks rallied between 50-195 percent.
The top Nifty gainers include ICICI Bank, Asian Paints, IndusInd Bank, Titan Company and Larsen & Toubro while Tata Motors, Cipla, Infosys, Bharti Airtel and BPCL are the top losers.