New stock Gujarat Toolroom Ltd. Anyone has any Idea why its quarterly profit zooms and promoters exited to null. It will be very helpful in understanding such companies. It may be a another fraud or another CG Power

Although there were internal conflicts and a management change last year, after reviewing all the relevant documents, I don’t believe it’s a case of fraud. I assume that the higher revenue currently stems primarily from the sale of diamonds through their Dubai subsidiary. If this increase is largely due to gold mining, it will be clearer in the next quarter’s results and the accompanying balance sheet.

P.S.: This is not investment advice or a recommendation.