Just a day after the stock of KGN Industries shot to a dizzy height of Rs 55,000 from Rs 100, another penny stock, Sylph Technologies, today witnessed a similar price manipulation.
The share rose by 1,00,000 per cent from 80 paise to Rs 800 on the Bombay Stock Exchange (BSE) during the day. However, the stock closed at Rs 200. Both Sylph Technologies and KGN Industries did not attract any circuit filter as the same is not applicable on the first day when a stock re-lists for the purpose of