The Economic Times News

DU Digital under Sebi scanner: Regulator bars 26 individuals, slaps penalty after SME stock rallies 1,393%

Sebi has barred 26 individuals from the securities market for up to two years for manipulating the price of SME-listed DU Digital Technologies, whose stock surged 1,393% between 2021 and 2023. The regulator ordered disgorgement of Rs 98.78 lakh plus interest and imposed penalties totalling Rs 1.87 crore after finding coordinated, deceptive trading.