New Delhi. When the share price of any company increases, the company and the people investing in the company's stock are happy. The company wants that more and more people to buy its shares. However, a company named Centennial Surgical Suture has appealed to BSE to take action against a person who bought the company's shares. In fact, on September 11, in the initial trading, the company's share rose by 8.46% in the trading of only 100 equity shares. This made the company worried.

In a letter to BSE, the company said that only 100 equity shares were traded on Wednesday and the share price rose by 8.46 percent or ₹ 10.48 to ₹ 133.40 in the morning session before 9:30 am. The company suspects that 'malicious trading' is taking place in the company's shares. That is why it has written a letter to BSE demanding action. Today, on Thursday, after the company complained to BSE yesterday, the shares of Centennial Surgical were trading at 131.40 rupees at 12:30 pm with a decline of one percent.

Rise without any reason.
A user named Zafar Makkah on the 'Axe' handle @Maaachaaa69 has posted a letter written by Centennial Surgical to BSE. According to the company, unusual trades were seen in the shares of Centennial Surgical Sutures earlier as well. Referring to them in a letter to BSE, the company said, "About our previous letters and as per the previous trading of 2020, 2021, 2022, and 2023, unusual trades have been seen in the shares of our company, Centennial Surgical Sutures Limited, Scrip No: 531308." The company said that the company's stock registered an unusual rise without any corporate announcement or any change in the company's business. This points to some manipulation.

The letter requested to catch the person who bought the shares.
It is written in the letter that earlier also, looking at the trading pattern of the company and the rise in the shares due to lack of any documents in support of those justifications, SEBI believed that these actions were not genuine and such trades were enough to mislead genuine investors and induce them to transact in the securities market. Now once again a similar trend is being seen. Therefore, the company has requested BSE to investigate this matter and catch the person who bought the shares.

People caught the company's mistake.
Users on the exchange caught a mistake made in the company's letter. The company mentioned its scrip number as 531308. Whereas it is actually 531380. One user wrote, "He is complaining again and again and he does not even remember the share number properly." At the same time, another user jokingly wrote, "If arrests start happening for such a small thing, then the line of people arrested for manipulating HDFC Bank shares every week will be very long.." A user named Sushil Pathiyar wrote, "This is a repeated exchange furnishing by this company. They have been doing this for the last 6 months."