Shares of Core Education & Technologies, ABG Shipyard, DB Reality, Welspun Corp, Opto Circuits and Orbit, which are part of Sanjay Dangi’s portfolio, hit their 52-week low today. Market rumours are that the speculative operator has gone bust due to margin pressures

MONEYLIFE DIGITAL TEAM

Shares of several mid-cap companies allegedly linked with speculative operator Sanjay Dangi are tumbling since past few days. Today, some of the like Core Education went on a freefall. According to market sources, the operator, has gone bust due to marked-to-market margin pressures leading to the downfall in share prices of these companies. However, operators usually front for company promoters. When their deal with promoters fall through, margined stocks are sold off mercilessly and the operator takes the blame. 

Vijay Kedia, director of Kedia Securities says, "Absence of retail investors in Indian capital market is because majority of midcaps are manipulated and operators are never caught".