Do you love to gather some spicy updates and the latest news about Bollywood celebrities? Then, in this article, we bring a piece of sensational news about famous Bollywood actor Arshad Warsi, which can shock you.
Hello viewers, my name is Abhijeet Dutta, and I have been working in the entertainment field for more than 15 years, so my provided information is legit and authentic. These pieces of information are based on some news articles and reputed sources, so without wasting time, let’s start our main discussion.
On November 30, 2023, the Securities and Exchange Board of India conducted an investigation and found that popular Bollywood comedy actor Arshad Warsi was among the people who made false and misleading promotional videos to recommend new investors purchase shares of two companies. They also stated that after purchasing shares from these two companies, everyone can make a large amount of profit.
SEBI also stated that Arshad Warsi and his wife Maria Goretti are among those 45 people and companies who are banned by them for participating in the securities market. SEBI also said that after uploading these videos to YouTube channels, they try to mislead people. According to the sources of the Times of India, these 45 individuals recommended new investors purchase the shares of Sadhna Broadcast Limited and Sharpline Broadcast Limited through YouTube videos.
But Arshad Varsi and his wife refused to confess their scandalous act. As per some reputed news sources, these kinds of similar videos are also uploaded on YouTube channels: midcap calls and profit Yatra. SEBI stated that these YouTube channels had a hundred subscribers and each video had a thousand views, but after uploading these promotional videos, each video earned millions of viewers.
According to reports from the BBC, those individuals who are involved in this scandal make a huge profit of 6.5 million, which is around 54,18,62,100 Indian rupees. In an interview, SEBI said that Arshad Warsi made a huge profit of 2.9 million rupees, and his wife Maria Goretti earns 3.7 million rupees from these promotional videos, even though they are not publicly available currently.
For this scandal, SEBI conducted a strong investigation from April to September 2023, and they found that there was a great expansion in the price and volume of shares of the two companies between April and July 2023. After seeing those videos, 55343 new and small shareholders from Sadhna Broadcast Limited and 20009 new investors from Sharpline Broadcast Limited purchased these shares with a large amount of money. After that, SEBI banned and barred those 45 people and companies from purchasing, selling, or dealing in securities, either directly or indirectly.
If you don’t have a primary idea about the share market, then we want to share that the share market is basically a platform where all buyers and sellers come together to trade on publicly listed shares during specific hours of the day. A share is a unit of ownership of the company from which you purchased it. For example, if you purchase 50 shares of XYZ worth 5000 rupees each, you will become a shareholder of this company, which means you can sell XYZ shares anytime, anywhere you want
Basically, PE is known as the price-to-earnings ratio in the stock market. It is a ratio for valuing a company that measures its present share price relative to its earnings per share. In some cases, the PE ratio is also known as the price multiple or the earnings multiple. This ratio is used by investors and analysts to understand the relative value of a company’s shares and also to make a good comparison to other companies’ shares in the same sector.
The price-to-earnings ratio, or price-to-earnings multiple ratio, is commonly known as the PE ratio in the stock market. It is the ratio of the share price of a stock to its earnings per share. It is one of the oldest and most famous valuation matrices in the stock market. It also helps users know if the current price of any stock is cheap or costly.
The PE ratio is based on your share price growth. If your share price grows faster, then your earnings and PE ratio become high, and when your share price falls, then your earnings and PE ratio become low, so basically, a high PE ratio says your stock is very expensive and its price may fall in the future. On the other hand, a low PE ratio means your stock is low-cost, and anytime in the future, its price will grow much faster.
Currently, two types of PE ratios are available in the market: the first is trailing twelve-month PE, also known as TTE, and the second is forward PE.
What is dividend in the stock market?
Basically, a dividend is the distribution of accompanying earnings to its shareholders, which are determined by the company’s board of directors. To get a large amount of profit in a business, a great deal of investment has to be made continuously daily. An investment made by the owner of the business, or if the owner can raise money from the public for the business, is called shared capital. So those people who invest their money by purchasing the shares of the business become shareholders.
When this company becomes profitable, they have to distribute the profits to its shareholders, so a dividend is the share of profit that all shareholders get back from the company where they purchased a share. At present, two types of dividends are available in the stock market: the first is a cash dividend, where the company distributes its profits to all shareholders in cash, and the second is a stock dividend.
On which YouTube channels are these false and misleading promotion videos uploaded?
These videos were uploaded on YouTube channels midcap calls and profit Yatra.
Which company’s shares are recommended to be purchased by Arshad Warsi and his wife?
Arshad Warsi and his wife Maria Goretti recommend investors purchase the shares of Sadhna Broadcast Limited and Sharpline Broadcast Limited.
From these promotions, how much money did Arshad Warsi and his wife make?
Arshad Warsi made a huge profit of 2.9 million rupees, and his wife, Maria Goretti, earned 3.7 million rupees from these promotional videos.
What kind of statement was given by SEBI?
SEBI stated that these YouTube channels had a hundred subscribers and each video had a thousand views, but after uploading these promotional videos, each video earned millions of viewers.