Why certain stocks quotes high?

Friends,
There are certain stock which are discounted high on the broweses.We keep on thinking why that happens.Some stocks are such that even it is showing loss it is discounted high.
If I give an example , when I gave a call on Lumax Ind it was making loss and still it was quoting at Rs.100...and still I gave the call ..and I am sure many would have not bot it looking at the bottomline.....but Lumax Ind gave excellent return and still way above my recomended price of 95.
One stock which I would mention here is Jyoti Ltd which I recomended here from mid 30's and now it is at Rs 95 after touching to 129.Well, the last year eps , Mar 2011 year ended is 9 and still the stock is quoting at Rs 95?Which is still around 11P/E and other stocks whose eps are high still quotes low......Why?
Why that happens?We as an investor always look at the BS and take decision.We try to see the valuation by looking at the P/E, Mcap/Sales , BV/Price etc etc and most probably we fumble .We make mistake looking at that.
Investors need to understand that when market is giving high discounting it means market knows that the Co product has got great future and it will blast one day showing big bottomline.
Had anyone seen the sales of BF Untility?It is mere 17 cr for whole year and 5 FV stock is quoting at 735 ,means 10 Fv at 1500.....why that is happening?
Because market knows it can deliver the earnings much much bigger in future.
Now that doesn't happens with each and every stocks.Sometimes market do not know what is going on in certain stock and hence it lies low on the broweses and then when market get to know the real worth it starts moving rather say running.
Let us take one more example of Ramco System Ltd which is quoting again at Rs 95 and the bottomline is in RED.Then why the market is giving so high a valuation.Because we are not knowing what market is knowing.
I remember I replied to one of my reader query named Sanjana not sure about the name,She was asking me about what I think about Mahindra Satyam and I told her to look at Ramco System, GSS America , Allied Digital in cloud computing space.I remember I also asked her to write Cloud Computing in Google search and see what is happening there.I have already seen couple of bulk deals in GSS America and has moved up against the market trend.That is the headwind we are getting and if we don't understand that we are at loss....Your ears should be alert to understand the headwind, your nose should be so sensitive that it should be able to smell the oppertunity.....
I haven't mentioned on the front page about cloud computing as I wanted my readers to come out with it but none came out.That is why I always say, read my replies as well to queries asked.I had a bad habit of mentioning stocks or sector in my replies.....
I donno whether she did that or not as I didn't heard  more from her but the key here was I gave a hint to her of an upcoming sector in IT space, Cloud Computing.
This is one sector which is going to blast by next couple of years.I am not going to write anythign about it in detail.Let readers explore it and find it by themself.I will only say that this sector has huge upside.Foreseeing the future of sector  helps us buying stock cheap before others buy.
That is the Key to be successful in stock market.Buy before ayone buys.Buy before anyone take a call, Buy when no one is buying and for that one need conviction and for that one needs to be well read and updated of each and every move that is taking place in the horizen.
Ramco System is in Cloud Computing space and it has given latest annoucement at bse.Go to the bse site and read it.Try to understand what Cloud Computing is and try to match what Ramco is doing in that space.
After all you are putting your hard earn money and you need to take care of it by yourself....