NBFC Stock Hit Upper Circuit For 12th Consecutive Session: Do You Own?

On Monday, LKP Finance Ltd. shares clocked the upper circuit for the 12th day in a row. Today, the counter began the day up 3.83 per cent and surged as high as 5 per cent, or Rs 231.55 to hit an upper circuit limit. Over the past 13 days, shares of LKP Finance Ltd. have gone up by more than 78%.

LKP Finance Financials

On a standalone basis, the company reported a net income of Rs 24.18 Cr in the quarter ended September 2023 compared to Rs 20.11 Cr booked in the same quarter of the previous fiscal year. Its net expenses reached Rs 1.25 Cr in Q2FY24 vs Rs 1.42 Cr in Q2FY23. Its EBIT stood at Rs 22.93 Cr which was Rs 18.69 Cr in the year-ago quarter. The net profit of LKP Finance was Rs 18.55 Cr in Q2FY24 compared to Rs 17.23 Cr in Q2FY23.

LKP Finance Share Price History

The stock has risen 20% over the previous five years, but in the last three years, it has climbed from Rs 113.75 to the present market price, resulting in a 103% multibagger return. The stock price jumped from Rs 91.25 to the current market price in the past year, resulting in a 151% multibagger return. The scrip has produced a multibagger return of 150.55% year-to-date (2023) and 193.74% during the previous six months, climbing from Rs 77.96 to the current market price of Rs 229 in just six months.

LKP Finance Shareholding

During Q2FY24, the company booked promoters' shareholding of 63.62%, FIIs stake of 3.56%, and public stake of 32.82%.