# Beware of free stock tips on social media, YouTube, WhatsApp and Telegram

**URL:** https://tradingqna.com/t/beware-of-free-stock-tips-on-social-media-youtube-whatsapp-and-telegram/128087
**Category:** General
**Created:** [March 8, 2022, 6:12am UTC](https://tradingqna.com/t/beware-of-free-stock-tips-on-social-media-youtube-whatsapp-and-telegram/128087 "2022-03-08T06:12:33Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![Bhuvan](https://tradingqna.com/user_avatar/tradingqna.com/bhuvan/32/843_2.png) [@Bhuvan](https://tradingqna.com/u/Bhuvan)
#### Post date: [March 8, 2022, 6:12am UTC](https://tradingqna.com/t/beware-of-free-stock-tips-on-social-media-youtube-whatsapp-and-telegram/128087/1 "2022-03-08T06:12:33Z")

</div>

As long as people think that the stock market is an easy place to make money, there will always be people to exploit that greed.

One of the most common scams in the market are pump and dumps. Shady characters pick stock that have less number of outstanding shares (low float). They start sending SMS’, create WhatsApp and Telegram groups, and pay “influencers” to pump the price on social media. Once the price starts moving up, they _dump_ the shares they hold. It’s one of the oldest tricks in the book, and people keep falling for the same thing over and over again.

#### The latest pump and dump attempt seems to be in [Salasar Techno](https://stocks.zerodha.com/stocks/salasar-techno-engineering-SALA?checklist=basic).

> **[Zerodha Markets: Search & Analyse Stocks in the Indian share market](https://zerodha.com/markets/stocks/)**
>
> Use Zerodha Markets to search for stocks listed on NSE by company name. Quickly access individual stock pages with share price details and insights.

Here a few tweets about people being offered money to promote this stock on social media.

[https://twitter.com/theBuoyantMan/status/1500726672391573504?s=20&t=4l9QadCq61xT4jocLCb3Kg](https://twitter.com/theBuoyantMan/status/1500726672391573504?s=20&t=4l9QadCq61xT4jocLCb3Kg)

> <https://twitter.com/itsTarH/status/1500757869846687746>

> <https://twitter.com/aditya_kondawar/status/1500784498295721988?s=20&t=4f2m-oRNrEd2vMJ-q7S6ag>

We keep cautioning investors from time to time. We now have Nudges for penny stocks on Kite. For example, here’s the Nudge for Salasar:

 ![image](https://tradingqna.com/uploads/default/original/3X/2/f/2ff5bf17ab2841ccba94e7b4d461bcbaca9d2f83.png)

We also keep writing about stock market scams in the hopes that they might stop people from falling for such scams.

> **[Stock market scams everyone should be aware of](https://zerodha.com/z-connect/featured/stock-market-scams-everyone-should-be-aware-of)**
>
> Hindi: इस पोस्ट को हिंदी में पढ़ने के लिए यहाँ क्लिक करें। The lure of easy money is what attracts people to trading and investing, including yours truly.

> **[Beware of stock tip messages and calls](https://zerodha.com/z-connect/general/beware-of-stock-tip-messages-and-calls)**
>
> In the past few years, the scourge of stock tip messages, calls, and websites has become a dangerous nuisance. We've been seeing queries from unwitting

But sadly, a lot of new investors who aren’t aware fall for these scams. You might know friends who unknowingly might fall for such things, please share this with them and caution them.

Please remember, there are no get rich schemes in the market. If you come across such suspicious stocks, please submit a tip to the exchanges: [Write to us, Submit a Tip Off - NSE India](https://www.nseindia.com/submit-tipoff)