Kushal Tradelink Limited was formed in the year 2000 and also known as KTL that is closely held private limited company with the main object of dealing into various types of papers viz. Kraft, Duplex, News print waste, Cromo Art Paper etc.
Stock of Kushal Tradelink was trading at 6.95 INR on 24th Dec 2013. From that point stock never look back and it was going green most of the day till now. Price shoot to 463.9 INR as on 24th Dec 2016 which make total Return on stock 6574% , with Compound annual ROI of 305.13%.
The story changed dramatically for Kushal Tradelink in FY15-16. It acquired a wholly-owned subsidiary in UAE, Kashish Worldwide F.Z.E., in January 2016, and its sales suddenly rose to INR 1,589.90 crore for the year, 63% of which came from the wholly owned subsidiary. For FY15-16, the reported profit stood at Rs98.99 crore, 70% of which is contributed by the subsidiary whose business is import and export of ready-made garments, home appliances , mobile phones, electronic goods, electronic accessories, data-center equipment, steel and metals, bitumen, pharmaceuticals, such as generic drugs, paper waste and paper products, oil-field chemicals, oil-field instruments, and oil-field piping accessories.But there is no clarity about how Kushal Tradelink manage to get fund to acquire U.A.E company. Which make such a huge stock price rise suspicious.
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