Obscure offshore funds may have played a role in running up the share price of certain small-cap companies in India. Several of these funds have links with Hari Tibrewala, the Dubai-based ‘hawala operator’ said to be behind the Mahadev Online betting app scandal
Stock Market Live Updates: Asian markets rally on positive US stock trends thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Shares of consumer firm Cupid hit their 5 percent upper circuit at ₹1,252.80 apiece, also its new high, on Thursday, after a Mauritius-based FII bought stake in it. It has now skyrocketed 432 percent from its 52-week low of ₹235.30, hit on March 29, 2023.
Stocks that will see action today: December 27, 2023 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.