The reason for the stock to flight 4,000 percent in March 2013 were two important events dated back then the amalgamation of Kaushalya Global with PL Enterprise, the need for the name change and secondly, there were promoters like Ramesh Chandra and Pooja Partani who were hiking stake in their company. If you just see the financials as you rightly alluded the last five years, the total sales of this company is Rs 25 crore. The company has made a net loss in last five years, so there are no fundamentals to justify a marketcap of Rs 1,100 crore; again a company which is closely held by very few people.
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