LKP Finance's Bulk Deals and Market Performance: A Closer Look

LKP Finance, a microcap finance company, has recently been given a 'Hold' rating by MarketsMOJO. The company has been making headlines in the stock market due to some major bulk deals that have taken place in the past few weeks.

On 27th December 2023, Dream Achiever Consultancy Services Private Limited bought 3.1 lakh shares of LKP Finance at Rs. 224.99 per share on the BSE. On the same day, Vijay Kumar Choraria sold 3.85 lakh shares at Rs. 225.02 per share. This was followed by Mohit Vinodkumar Agrawal buying 71.67 thousand shares at Rs. 220.97 per share on 20th December 2023.

In another bulk deal on 19th December 2023, Aksr Corporate Advisors Pvt Ltd sold 2.38 lakh shares at Rs. 220 per share, while Brilliant Investment Consultants Private Limited bought 1.75 lakh shares at the same price. Decent Enterprises also sold 1.32 lakh shares at Rs. 220 per share on the same day.

The trend continued on 18th December 2023, with Forest Vincom Private Limited buying 1.48 lakh shares at Rs. 220 per share and 1.44 lakh shares at Rs. 231.55 per share. Nishchaya Tradings Private Limited also bought 2.25 lakh shares at Rs. 231.55 per share, while Saint Capital Fund sold 5.64 lakh shares at the same price. Other buyers on this day included Sawarnbhumi Vanijya Private Limited, Silvertoss Shoppers Private Limited, and Waybroad Trading Private Limited.

On 15th December 2023, Nishchaya Tradings Private Limited, Sawarnbhumi Vanijya Private Limited, and Silvertoss Shoppers Private Limited all bought 1 lakh shares each at Rs. 220.55 per share. Sunidhi Securities & Finance Ltd, on the other hand, sold 1.6 lakh shares at the same price.

In a major deal on 7th December 2023, Authum Investment & Infrastructure Limited sold 8.75 lakh shares at Rs. 166.55 per share, while New Berry Advisors Ltd and Saint Capital Fund bought 93.3 thousand shares and 3.06 lakh shares respectively at the same price. Team India Managers Ltd also bought 4 lakh shares at Rs. 166.55 per share.

In terms of price performance, LKP Finance hit a new 52-week high of Rs. 241 on the day of writing this article. However, it has underperformed the sector by -0.66% and has seen a trend reversal after two consecutive days of gains. The stock opened with a gap up of 3.61% and touched an intraday high of Rs. 241. LKP Finance is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, LKP Finance has seen a -1.93% performance in the past day and a 50.96% performance in the past month, while the Sensex has seen a 0.25% and 3.94% performance respectively. With these recent developments, it will be interesting to see how LKP Finance performs in the coming days.