KGN relisted on May 21 after it was suspended from trading in 2001(nearly suspended for 5 Years). Following the move in the share price of KGN, the BSE that had suspended the scrip from trading 12.20 PM on Wednesday later came out with a release fixing the closing price of the scrip at Rs 5,216.It was suspended after the stock price shot up to Rs 55,000. It had a low volume of less than 1,000 shares.However, no such measures were taken in the case of Sylph Technologies as the trading was not suspended in the scrip.
Investors who bought shares of Sylph Technologies that zoomed 99,900 per cent in intra-day trade on Thursday found themselves trapped on Friday. They were unable to sell the stock on Friday as no single trade took place in Sylph Technologies counter.
This is purely illogical." Meanwhile, shares of KGN Industries that hit an intra-day high of Rs 55,000 from a previous closing price of Rs 100 ended Friday lower by 5 per cent at Rs 4,863.
Memebers are requested not to get trapped in such fake scripts.