Movers and Shakers of SEBI Banned Shell Company List

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Securities Exchange Board of India, the stock market regulator penalised 331 listed companies by imposing restrictions on trading. Some companies which SEBI named in this list were shockers

  • Prakash Industries
  • Parsvnath Developers
  • J Kumar Infra
  • SQS BFSI
  • JMD Ventures

Prakash Industries was one of the companies which gave handsome returns to its shareholders in the last one year and have gone up by 188 per cent to Rs 139 as of August 7, 2017 from Rs 48.25 on January 2, 2017.

Other stocks on the list such as Parsvnath Developers,Marg, J Kumar Infra, JMD Ventures and Inter Globe Finance have gained 74 per cent, 43 per cent, 34 per cent, 30 per cent and 18 per cent, respectively.

Some of the other penny stocks in this list have more than doubled investor wealth on a year-to-date basis.

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