This micro-cap multibagger stock report robust quarterly results; Do you own it?

Shares of the company gained more than 50 per cent in the last six months.

U. Y. Fincorp Limited reported robust second-quarter results for FY24, with net sales growth of 15.93 per cent to Rs 4.51 crore and operating profit growth of 1604.12 per cent, due to other income grew exponentially. The net profit for the quarter stood at Rs 51.17 crore, up from Rs 3.05 crore in the previous year's same quarter.

Shares of U. Y. Fincorp Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 13.44 on November 12, 2022, to Rs 28.00 on November 13, 2023, an increase of about 110 per cent in a one-year holding period.

U. Y. Fincorp Limited is a Kolkata-based RBI registered Non-Banking Financial Company. U. Y. Fincorp Limited primarily focuses on providing inter-corporate loans, personal loans, and investments in securities and trading in securities.

On Monday, the stock opened at Rs 28.98, with a high and low of Rs 28.98 and Rs 27.13. The stock is closed trading at Rs 28.00, down by 0.04 per cent over its previous close of Rs 28.01. The stock has a 52-week high of Rs 32.00 and a 52-week low of Rs 11.00. The company has an ROCE of 4.45 per cent and an ROE of 3.11 per cent with a market capitalisation of Rs 533 crore.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.