MUMBAI: Nikhil Kamath, the co-founder of stock broking firm Zerodha and Chief investment Officer of alternative investment fund True Beacon, believes re-establishing short-selling in a meaningful way in India can nurture instead of hinder price discovery in the stock market.
“Short selling will help price discovery, particularly in securities which don’t have derivatives,” Kamath told ETMarkets.com in an interview.
In India, short-selling as seen in the US and other parts of the world is banned. The horrific episodes of the Harshad Mehta and Ketan Parekh scams in early 1990s and 2000s, respectively, have convinced the market regulator forever that it is better off without it.
Aktien: Zocken mit Windeln
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Zum Mond und zurück: Ende der Short Squeezes? Großbanken verschärfen die Regeln für Leerverkäufe auf AMC & Co
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Workhorse Joins Meme-Stock Club as Shares Surge
Workhorse Group, an electric-powered delivery and utility vehicle maker, joins the meme-stock club as its shares surge nearly 80% in five trading days.
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Workhorse Group (
WKHS) - Get Report, a Cincinnati-based electric-powered delivery and utility vehicle maker, joined the meme-stock club on Thursday, with its shares surging some 35% in early trading, pushing its stock price up nearly 80% in the past five trading days.
Workhorse shares were up 41.32% at $16.33 at last check, joining the likes of AMC Entertainment (
KOSS) - Get Report, all of whom have seen triple-digit percentage gains amid a renewed frenzy of retail buying.