In a post on X, formerly Twitter, Kamath said such schemes remain a concern even in 2026, calling them one of the silliest ways for investors to lose money. He also warned that these cases could become more frequent as the market cycle advances, pointing to a rise in alleged pump-and-dump schemes operating through WhatsApp groups and influencers promoting stocks and initial public offerings (IPOs).
Jio IPO opens tomorrow: How can investors maximise allotment chances under Rs 2,500 crore RIL shareholders quota
The much-anticipated Reliance Jio Platforms IPO is launching for public subscription starting October 21, 2023. Shareholders of Reliance Industries can benefit from a Rs 2,500