Is an investor pumping and dumping Krishana Fabrics stock? The chart seems to suggest that this is the case - in the absence of any news, the stock has seen its day volume on October 5 go up a surprising 1312% of its Month average volume. On the same day, its price rose 19.15%, crossing the 15% threshold, and is now trading at Rs. 85.25. On October 4th, the Month price of the stock had jumped 75%. This is extremely unusual activity not backed up by news or data on the company.
This volume and price spike coincided with an SMS blast sent out asking people to buy stocks of the company, claiming that the stock would hit a target of Rs. 101 resulting in net gains. The company reported Rs. 0 of profits in its last quarter, and Rs. 0.08 crore in operating income. This may be a case of buyer beware.