SKM Engineering Products Exports is a very volatile stock. It has been suspended from trading on the BSE since 11^th July 2012 (due to penal reasons) but it continues to trade on the NSE. The stock yesterday hit a new high at Rs.131.90 and today it opened 5% lower at Rs.113.45, attracting the lower circuit filter. What is shocking is that the stock was quoted on the NSE at Rs.5.60 in March and since then, within a span of 8 months, the stock price has risen over 20 times.

The reason for the sudden rise in the stock price is probably betterment of performance for the past seven quarters and bringing down of debt. And the reason for its suspension – the company had planned delisting from BSE in 2012 but within a few months, withdrew the request and it is currently awaiting a response from the BSE.