The Securities and Exchange Board of India (Sebi) has cautioned the investors against the unsolicited stock tips or investment advice shared via social media.

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Capital markets regulator noticed that messages containing stock tips or investment advice with respect to listed companies were increasingly being circulated through bulk SMS, websites, and social media platforms like WhatsApp, Telegram, etc.

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Such messages are sent to investors and the general public usually recommending to deal in specific stocks of listed companies, indicating target prices and giving fraudulent, misleading/false information relating to listed companies, inducing them to deal with these stocks.

"The circulation of such misleading messages is not only detrimental to the interest of the investors but also adversely affects the integrity of the securities market," Sebi said in a release.

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Accordingly, the regulator has cautioned investors and the general public not to rely on such unsolicited stock tips/investment advice circulated through bulk SMS, websites, and social media platforms.

Further, Sebi also advised investors to exercise appropriate due diligence before dealing in the securities market.

(Edited by : Jomy)