Heavy buying: Back-to-back upper circuit in this multibagger stock; hits fresh 52-week high!

In Q4FY23, the company reported a 442 per cent increase in net profits YoY.

Shares of Lykis Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. In the last five trading sessions, the stock has gained about 18 per cent. On Tuesday, the stock also made a fresh 52-week high at Rs 108.64.

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 142.75 crore which grew by 53.4 per cent YoY. The operating profit of the company stood at Rs 12.35 crore, while the PAT of the company stood at Rs 5.84 crore, representing an impressive growth of 442.34 per cent YoY.   

Lykis Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 17.70 on May 29, 2020, to Rs 108.64 on May 29, 2023, an increase of about 485 per cent in three years holding period.   

Lykis is one of the fastest-growing Home & Personal care companies in India. Its presence spans across the Beauty & Grooming segment, Homecare segment, Food & Beverages segment, Health & Wellbeing segment. The company’s enviable portfolio of brand names such as Lykis, Britex, Rox, Bonita, Vogly, Tazaagi, Cheers, Alivio, etc. Lykis is a vibrant company with bold ambition & is becoming more agile & future-ready. 

The stock has shown tremendous growth, and investors should keep a close eye on this stock.
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