Year 2024 so far has given many multibagger stocks.Most of yhem has given good return,wether it is large cap,small cap or penny stock.
One of such penny stock which turned out to be a gold mine is LCC infotech.Shares of LCC infotech were trading at Rs 1.90 per share on 8th May 2024, and on close of 21oct 2024, the share price was Rs.11.20,a gain of more than 400% in just 6 months.
About the company.
The company was incorporated in 1985 ,in the business of digital network and healthcare. The company has designed several courses it helps in training and development of Manpower with it’s various courses in the field of computer hardware and networking. The company has also empanelled with various government projects as training partner for example PMKVY_CSSM Skill development Training Program.
Company Financials.
| Cmp | Rs.11.20 | |
| M.cap | Rs.143 cr | |
| Hogh /Low | Rs.11.8/1.60 | |
| Sales Mar24 | Rs.2 cr | |
| Net Profit | Rs.-53 cr | |
| Promoter holding | 45.84% | |
| Price to book value | 56 times | |
| Cash flow | 0 |
Analysis
Company’s share price has been increasing continuously but the financials are not supporting the growth story.What is driving the price is not yet known or clear from the financials.But sometimes there could be something possitive happening which may drive the price ,since that is not known or clear one should be cautious to invest in such shares.
Disclaimer:
Mint Mantra provides the articles and information gathered from other sites like company website and declaration to exchange and is for informational purpose only and this should not be construed as any advice for investment of any kind.Readers are suggested to consult the qualified financial consultant before making any investment decisionThe brands and logo and pictures used are of their repective company or entity .