Heavy Buying Witnessed: Authum Investment & Infrastructure-backed multibagger micro-cap stock hit 5 per cent upper circuit on January 04; stock trades at low PE!
The stock is up by 65 per cent in just 1 month and gave multibagger returns of over 200 per cent in 6 months.
Today, shares of LKP Finance Ltd hit a 5 per cent upper circuit to Rs 232.60 per share from its previous closing of Rs 221.55 per share. The stock’s 52-week high is Rs 239.80 and its 52-week low is Rs 71.10. The shares of the company saw a spurt in volume by more than 1.10 times on BSE.
Authum Investment & Infrastructure Ltd, a mid-sized NBFC player with a market cap exceeding Rs 17,000 crore, owns a 7 per cent stake in LKP Finance Limited. This investment suggests potential for future growth for both companies.
Financials of LKP Finance Ltd: The company has a market cap of Rs 292.35 crore. The shares of the company have a PE of 7.35x whereas the industry PE is 21x with an ROE of 12 per cent. The stock is trading at 0.88 times its book value. The company reported positive numbers in its Quarterly Results and annual results. According to quarterly results, the company reported net sales of Rs 26 crore and net profit of Rs 15 crore in Q2FY24.
Founded in 1948, LKP Securities Ltd. is a financial powerhouse with a nationwide presence in over 200 cities. They specialize in trading and investing across various financial instruments, including shares, securities, and derivatives. As a registered Non-Banking Financial Company, their domain extends beyond just brokerage services.
The company actively participates in both capital and debt market activities, offering expert assistance in areas like merchant banking, institutional equity, wholesale and retail debt markets, pension fund advisory, research, retail equity, distribution, and even depository services for financial products like mutual funds and insurance.
The stock is up by 65 per cent in just 1 month and gave multibagger returns of over 200 per cent in 6 months. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
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