Did You Know: Virtual Global Edu's m-cap surged 20 times in 24 months

Did you know about a company that made a profit of less than Rs 1 crore in the last 5 years, has tangible assets worth just Rs 2.65 lakhs and yet its market-cap has surged 20 times in 24 months?

Virtual Global Education's market cap has surged to Rs 670 crore from just Rs 30 crore since January 2013. The company is engaged in educational and training services.

A comparison with peers shows – Educomp, with m-cap at Rs 143 crore, Core Education at Rs 73 crore and Career Point at Rs 280 crore.

IKF Technologies is the promoter of the company with 18.3 percent stake. It hiked its stake from 8.09 percent in March 2013 and listed on the BSE with market cap of just Rs 27 crore.