BITS—earlier known as Bureau of Information Technology Services—is in the information technology (IT) business. It claims to provide education solutions. For the whole year ended March 2015, BITS reported revenue from operations of Rs22.51 lakh compared to Rs15.51 lakh reported in FY13-14. It reported an operational loss of Rs87 lakh in FY14-15, compared to a loss of Rs3.55 crore in FY13-14. What’s strange is that its employee costs were as high as Rs21.66 lakh in FY13-14; this reduced to just Rs9 lakh in FY14-15. BITS has other income is in the form of rent which is much more than its operational income. In FY13-14, this company, with Rs4 crore market-cap, even reported Rs3.03 crore losses on sale of investment. Despite such strange financials, the stock is up 200%, at Rs0.36 on 23 September 2015 from Rs0.12 on 7 January 2014. In about six months, beginning January 2014, the stock had staged a 342% rally—to Rs0.53 on 24 June 2014. 
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