What does the Order Rejection “Buy orders are blocked as the stock is in watchlist for unsolicited SMS tips circulation” mean?

Modified on Fri, 9 Jan at 12:48 PM

SEBI and the exchange have noticed that unsolicited messages are being circulated by unauthorized entities via Whatsapp, Telegram, SMS, Calls, etc. to induce investment or sale of stocks of certain listed companies, indicating price manipulation or speculation. Accordingly, buy orders are blocked as the stock is on the watchlist for unsolicited SMS tip circulation. In line with exchange regulations and RMS policy, trade restrictions are placed on the exchange's list of unsolicited SMS stocks. 

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