Vishvjyoti Trading rose 6259% in a year and half
Vishvjyoti Trading (Vishvjyoti) has a ‘diversified trading business’. Apart from ‘trading in textile yarns’, it also trades in shares and securities. The promoter’s stake was just 1.05% as on 30 September 2014 down from 65.28% in September 2012. But the price has been moving up by 2%-5% every single trading day from June 2013 to March 2014, with just about one trade a day. From March, trading volume increased to approximately 100 trades a day. Its financials have played no role in the price spurt. With a revenue of about Rs55 crore, the company has reported a profit of Rs3.29 crore. The stock price is a shocking 115 times the earnings per share. With just 143 individual shareholders, the stock price has shot up by 64 times or 6,259% to Rs24.80 as on 22 December 2014 from an adjusted price of Rs0.39 as on 3 June 2013. Vishvjyoti has been suspended in the past for not complying with the listing agreement by the BSE. While SEBI talks a lot about controlling market manipulation, it actually does little about it.
Wildlife SOS extends help for wild animals which are cruelly exploited for money
The government intends to boost public investment. If so, BEML will be a big gainer