Shalimar Paints Ltd. — Worth a Serious Look — Significant Rerating Triggers Inplace

I think this is a typical hope stock.

Last year they seem to have hired some PR firm and got published in forbesindia. The high profile CEO has resigned since then & someone from Akzo Noble ( surender bhatia ) has joined in.

Interesting thing to note :

Surender bhatia was drawing close to 70 lakh per annum at Akzo Nobel.
He has joined Shalimar with a salary of less than 50 lakh + incentive bonuses.

How to interpret this ?

Link to last years article after which stock rushed from 80 to 150+.

http://forbesindia.com/article/boardroom/shalimar-paints-shifts-focus-to-the-decoratives-business/38627/1