Sebi resolves 2,838 complaints through SCORES platform in March A total of 2,838 complaints against companies and market intermediaries were disposed of through Sebi‘s SCORES platform in March. At the beginning of March, as many as 2,241 complaints were pending and 2,643 fresh complaints were received during the month, the data released by Sebi on Monday showed. The regulator also noted that as of March 2023, 13 complaints were pending for more than three months. These complaints were related to investment adviser, research analyst and takeover/ restructuring. The average resolution time for a complaint was 29 days, it added. SCORES is a grievance redressal system that was launched by the Securities and Exchange Board of India (Sebi) in June 2011.
Analysts at Hem Securities, however, had positive views with a 鈥楽ubscribe鈥 rating. 鈥淐ompany is bringing the issue at price band of Rs 310-326 per share at p/e multiple of 21x on 9 Months FY22 EPS basis. Company with international Accreditations and product approvals is specialized in production of Stainless-Steel Pipes and Tubes with multi-fold demand of its Products & Customer Diversification.Hence we recommend 鈥淪ubscribe鈥 on issue,鈥 Hem Securities had said earlier.