Mumbai-based real estate developer Akruti City is back in the headlines again for all the wrong reasons. Market regulator Sebi is going to probe an abnormal rise in price of the company’s shares over past two months. The company was a casualty of the market crash in January 2008 when private equity (PE) investors Citigroup and AIG backed out of an announced deal.
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Akruti City Faces SEBI Probe On Abnormal Share Price Rise
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Created by kiranyande
51 weeks 3 days ago
Category: Business Tags:
Category: Business Tags:
Akruti City a completely operator driven stock
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Akruti City is a completely operator driven stock. It probably can halve as effortlessly as it has doubled to Rs 700 from here. The regulator will do very well to look at the kind of trading patterns that have been in this stock. There is no reason for that stock to go up like it has.
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