Your phone beeps. It’s an SMS from a stock broker. Top funds and financial institutions are gorging on shares of an NBFC. The stock has risen dramatically from Rs 3-4 levels to touch Rs 13 and the broker vouches it will only move up from here. That’s the fantasy he’s peddling. The reality is that shares of Viji Finance are down more than 40% since the SMS tip on 25 January.
This is not an isolated case. Anybody who dabbles in stocks gets such unsolicited tips. Investors who took ..
