Did You Know: ICVL Chem made no profit in last 2 yrs yet stock rose 8400%

Did you know about a company that has reported no profit in the last two years and yet its stock is up 8400 percent year-to-date? That company is ICVL Chemicals. The company has a market capitalisation of Rs 610 crore.

ICVL Chemicals was listed on November 08, 2012. The stock of the company has moved from Rs 2.2 in December 2013 to Rs 187.5 currently.

In October 2013, the stock split from Rs 10 to Rs 1 followed by promoter stake falling to 2.69 percent from 61.2 percent in December - March 2014. The promoter of the company was changed in May 2014.For more details watch video