Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports 442 per cent increase in net profit!

Shares of the company have gained more than 70 per cent in the last six months.

Shares of Lykis Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in upper circuit. In the last six months, the stock has gained about 70 per cent.

The company posted mind-blowing 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 28.60 on July 22, 2022, to Rs 77.99 on July 11, 2023, an increase of about 170 per cent in one year 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.

On Wednesday, the stock opened at Rs 79.79, with a high and low of Rs 81.88 and Rs 78.20. The stock closed trading at Rs 81.88, up by 4.99 per cent.