Zerodha — largest unauthorized trade/square-off loss 40 lakhs | |||
Zerodha squares-off largest unauthorized trade within 5 daysThis caused the client a total loss of 40 Lakhs within a 5 Days. The entire fault is due to Zerodha's liquidation. 1. i trade tata motors 8 feb 2018 in short sale with quantity 216000 average price 152.38 but at 3:22 pm all my stock squared @ 154.36 that time no this rate, why my share squared off @154.36 that time share price was 150.10. my position was showing 492480 profit at 3:20 pm minute after being square off 82829 rs loss 2.(a) i trade relinfra 11 feb 2019 in short sale with quantity 330000 average price 117.62 but at 3:17 pm all my stock squared @ 118.55 that time no this rate, why my all share squared off @118.55 that time share price was 114.40. my position was showing 1369500 profit at 3:20 pm minute after being square off total 19715 rs loss (b) i trade pc jeweller 11 feb 2019 same day in short sale with quantity 1, 43, 400 average price 68.28 but at 3:22 pm all my stock squared @ 69.14 that time no this rate, why my all share squared off 69.14 that time share price was 68.80. my position was showing 74568 loss at 3:20 pm minute after being square off 1, 21, 507 rs loss 3. i trade relinfra 12 feb 2019 in short sale with quantity 164770 average price I wanted to eliminate(squareoff) 21 time my position from 3.15 to 3.25 pm. but was reject by the broker again and again. According to the rule, the company should have finished this position 3.22 pm but the broker had auctioned the entire stock and no information was given to me. When I spoke to the company he said a lie This is normal and this is a problem by the company And after two days without notice 1235350 rs withdraw from my account This broker manipulate customer trade and always lie company a 4. (a) i was trade sunpharma 14 feb 2019 in short sale with quantity 190000 average price 432.16 but at 3:17 pm all my stock squared @ 444.08 that time no this rate, why my all share squared off 444.08 that time share price was 440.80. my position was showing 1641044 loss at 3:22 pm minute after being square off total 2080093 rs loss I ended my trade three times at 3.5 pm but the broker reject it at that time the market rate was 435, according to which my loss was only 5 lakhs But the broker manipulated my trade And loss my 2080093 rupees (b) i was trade same day wockpharma 14 feb 2019 in buy with quantity 98893 average price 404.57 but at 3:17 pm all my stock squared @ 396.35 & 399.05 price that time no this rate, why my all share squared off 396.35 & 399.05 that time share price was 408. my position was showing 344552 profit at 3:22 pm minute after being square off 261043 rs loss Was this information helpful? | |||
Zerodha customer support has been notified about the posted complaint. | |||
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+91 80 4040 2020
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i'm s Abhishek Dashaving my id is JA0156. I BOUGHT SOME SHARES OF IL&FSTRANS . BUT IT'S NOT SHOWING ON MY KITE'S HOLDING. THOUGH I CAN SEE IT ON MY PORTFOLIO.
SO I KINDLY REQUEST TO YOU TO SOLVE MY ISSUE.
THANKS,
ABHISHEK DAS
ID : JA0156