LKP Finance's Stock Sees Positive Start, Outperforms Sector in Short Term

LKP Finance, a microcap finance company, saw a positive start to the day as its stock opened with a gain of 3.61%. The stock, which is currently trading higher than its 5 day, 20 day, 50 day, 100 day and 200 day moving averages, touched an intraday high of Rs 241, hitting a new 52 week high.

However, despite the initial gain, LKP Finance underperformed the sector by -0.66% today. This could be due to the stock's trend reversal, as it has fallen after two consecutive days of gains. The stock's performance today was also lower than the Sensex, with a -1.93% change compared to the Sensex's 0.25% change.

Looking at the longer term performance, LKP Finance has shown a strong growth of 50.96% in the past month, outperforming the Sensex's 3.94% growth. This indicates a positive trend for the company in the finance/NBFC industry.

Based on these factors, MarketsMOJO has given a 'Hold' call for LKP Finance's stock. While the stock has shown positive growth in the short term, it is important to keep an eye on its trend reversal and sector performance in the future. Investors are advised to do their own research and make informed decisions before investing in LKP Finance.