1)Scripscan:Lesha Energy Resources Ltd
cmp:83
Code:513536
Story:In the June 2008 quarter, the company posted sales of Rs67 lakh while in the following four quarters (September 2008, December 2008, March 2009 and June 2009), it posted zero sales. The company has been posting operating losses consistently, for the past four quarters beginning June 2008. Lesha posted operating losses of Rs1 lakh, Rs8 lakh, Rs4 lakh and Rs2 lakh, respectively and an operating loss of Rs9 lakh in the June 2009 quarter. In January 2008, the company is supposed to have terminated its steel business to deal in oil & gas after exploring various alternative business opportunities. As it happens, the stock price is another story.Lesha surged 673% between 20 February 2009 and 11 September 2009.
2)Scripscan:Natura Hue Chem Ltd
cmp:21
Code:531834
Story:Chhattisgarh-based Natura Hue Chem is supposed to be engaged in organic farming of turmeric, chilli and ginger. It also claims to have diversified into the power sector. Beginning June 2008, the company posted quarterly sales of Rs2.29 crore, Rs1.14 crore, Rs2.15 crore and Rs5.89 crore, respectively. In the June 2008 and September 2008 quarters, it recorded operating profit of Rs4 lakh each, whereas in the December 2008 and March 2009 quarters, the company posted an operating profit of Rs10 lakh and Rs41 lakh, respectively. As you would expect, the stock price movement has nothing to do with these fundamentals. Between 24 March 2009 and 11 September 2009, the stock was up a humungous 784%. Are the regulators watching?
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