{"id":104115,"date":"2023-06-15T15:04:06","date_gmt":"2023-06-15T09:34:06","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104115"},"modified":"2023-06-15T15:04:08","modified_gmt":"2023-06-15T09:34:08","slug":"multibagger-stock-hits-20-upper-circuit-on-getting-license-to-manufacture-weapons","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-hits-20-upper-circuit-on-getting-license-to-manufacture-weapons\/","title":{"rendered":"Multibagger stock hits 20% upper circuit on getting license to manufacture weapons"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3734600896\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Lokesh Machines Ltd locked a 20 percent upper circuit on Thursday\u2019s first half of the session and touched a 52 weeks-high price of Rs 186 from the previous close price of Rs 154.95.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2734944226\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock skyrocketed after the company received a license from the Ministry of Home Affairs, New Delhi.<\/p><p>As per the BSE filing, the Company received an Initial Licence to Manufacturer Small Arms from the Ministry of Home Affairs.<\/p><p>The stock climbed by 70.80 percent on the year-to-date basis from Rs 108.90 to current levels, while it grew by 152.55 percent in the previous year from Rs 73.65 to current values. If an investor bought 1 lakh shares, their holdings would be worth 2.52 lakhs in a year.<\/p><div class=\"trade-content_5\" id=\"trade-241126653\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><a href=\"https:\/\/portal.tradebrains.in\/stock\/LOKESHMACH\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Lokesh Machines Limited<\/strong><\/a> was incorporated in 1983. The company is engaged in the business of manufacturing Lathe machines, connecting rods, and cylinder blocks. The company is one of the top five machine tool manufacturers in the Country.<\/p><p>In February 2023, the Company signed a Memorandum of Understanding with the Ministry of Defence&#8217;s Advanced Weapons &amp; Equipment India Ltd and the Government of India&#8217;s Armament Research &amp; Development Establishment, DRD<\/p><p>According to the company&#8217;s financials, revenues climbed marginally by 19 percent year on year, from Rs 201 crores in FY 21-22 to Rs 240 crores in FY 22-23. Within the same timeframe, Net profit increased by 50 percent, from Rs 6 crores to Rs 9 crores.<\/p><p>Over the years, the company&#8217;s margins have increased, with the net profit margin at 4.02 percent, the operating margin at 9.84 percent, and the debt-to-equity ratio standing at 0.55.<\/p><p>As per the latest shareholding pattern, promoters of the company hold a 53.05 percent stake and Domestic Institutional Investors (DIIs) hold a 2.07&nbsp; percent stake in the company for FY 22-23.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar C<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-4202185492\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3804076227\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Lokesh Machines Ltd locked a 20 percent upper circuit on Thursday\u2019s first half of the session and touched a 52 weeks-high price of Rs 186 from the previous close price of Rs 154.95.&nbsp; The stock skyrocketed after the company received a license from the Ministry of Home Affairs, New Delhi. As per the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8071,6247,6248,2966,7489,3403,3108,3464,2660,3913,3912,2838,6868,6866,6867,6126,6127,4787],"class_list":["post-104115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-20-upper-circuit-stock","tag-defence-stock","tag-defence-stock-to-buy-now","tag-defense-stock","tag-defense-stocks-jump","tag-dii-holding","tag-multi-bagger-stocks","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-stocks-in-which-dii-and-dii-have-invested","tag-stocks-in-which-dii-have-bought","tag-stocks-in-which-dii-have-invested","tag-stocks-that-hit-20-upper-circuit","tag-stocks-that-hit-20-upper-circuit-today","tag-upper-circuit-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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