Multibagger Stock: Lokesh Machines Ltd Gets License for Small Arms Manufacturing
Lokesh Machines Ltd, a company in the stock market, has been in the news for the past few days. The company’s shares hit the upper circuit on Thursday, giving investors significant gains. The main reason for the surge in Lokesh Machines Ltd’s shares is the license granted for small arms manufacturing.
Key Highlights:
– Lokesh Machines Ltd has received the initial license (Form-VIII) for small arms manufacturing from the Ministry of Home Affairs, as per the company’s disclosure to the stock market.
– The company has not received a copy of the license yet, but it has informed the regulatory authorities that it will provide the information as soon as it is received.
– The news of the license has led to a surge in demand for Lokesh Machines Ltd’s shares, with a 20% upper circuit hit on Thursday.
– Shareholders who bought Lokesh Machines Ltd’s shares six months ago have received returns of up to 100%, while those who invested a year ago have earned over 202% returns.
– The company’s 52-week high in the stock market is Rs. 218.90 per share, while the 52-week low is Rs. 64.30 per share.
This news has been received positively by investors and has resulted in significant gains for those who have invested in Lokesh Machines Ltd’s shares. The license for small arms manufacturing is expected to be a game-changer for the company and could lead to further growth in the future.
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