194.2 per cent jump in net profit: Multibagger micro-cap stock hit upper circuit and fresh 52-week high on January 15 as it announces stellar quarterly & nine-month results!
The stock gave multibagger returns of 160 per cent in just 3 months and a whopping 230 per cent in 6 months.
Today, shares of LKP Finance Ltd hit a 5 per cent upper circuit to an intraday high of Rs 262.44 per share from its previous closing of Rs 250.05 per share. The stock also made a 52-week high is Rs 262.44 and its 52-week low is Rs 71.10.
Founded in 1948, LKP Finance 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.
Financials of LKP Finance Ltd: The company has a market cap of Rs 316.4 crore. The shares of the company have a PE of 6.9x whereas the industry PE is 21x with an ROE of 12 per cent. The stock is trading at 0.98 times its book value. The company reported excellent numbers in its Quarterly Results and nine-month results.
According to quarterly results, the net sales increased by 82.8 per cent to Rs 19.91 crore and net profit increased by 132.2 per cent to Rs 15.41 crore in Q3FY24 compared to Q3FY23. According to nine-month results, the net sales increased by 137.6 per cent to Rs 67 crore and net profit increased by 194.2 per cent to Rs 49.95 crore in 9M FY24 compared to 9M FY23.
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 gave multibagger returns of 160 per cent in just 3 months and a whopping 230 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.
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