Strange things happen in stock market (and off-market)

I am holding shares of a company 'Divyashakti Granites' for more than two years now. I had bought them at an average price of around INR 25 when the book value of the company was very high and even the net current assets are higher than the price. What I found was that in the month of June, there was an off-market transaction where somebody bought shares of the same company off-market for just INR 12. I have never seen something like this happening in any of my holdings earlier. The price of the scrip has moved from INR 25 to 31 now. This really is strange!!!!

Bubble Bubble

Lately, most of you have noticed that I am reducing my holdings in stocks and increasing cash. Many of the stocks I bought last year around August has appreciated by 100 - 200% and my portfolio has gone up decent enough in the last one year. But looking at valuations of some quality companies I can see a bubble like valuations being developed in some pockets of the stock market. See the following list:

Company	P/E	Price Gain 2009-2014	CAGR Gain 2009-2014
Page Industries	57	26 times	92%
Astral Poly Technik	35	30 times	97%
Kewal Kiran Clothing	33	18 times	78%
Eicher Motors	53	43 times	112%
Poly Medicure	27.5	46 times	115%
La Opala RG	37.4	70 times	134%

The list is very long. All the investors who took a plunge in blood bath of 2009 have been rewarded handsomely. The companies are from diverse range of industries but most of them were midcap-microcap in 2009 while today their market cap is sizeable now touching large cap valuations. I am warning investors that this is not going to end well.