Multibagger Stock Sees 7% Gain Amid Broader Market Weakness

Gyftr Stock Surges 7.24% Amid Weak Market Sentiments

The multibagger stock Gyftr, formerly known as LKP Finance, experienced a significant jump of 7.24% in Monday's trading session, bucking the weak sentiments on Dalal Street. The stock opened at ₹170 apiece, a decline from the previous close of ₹176.10, but managed to touch an intraday high of ₹193 on April 13.

Meanwhile, the Indian stock market resumed its downward trend on Monday, following a 6% rally last week. The benchmark index Nifty 50 tumbled 2%, hitting an intraday low of 23,555, due to the failure of US-Iran war ceasefire talks to resolve the West Asian conflict and Donald Trump's announcement of a naval blockade of the Strait of Hormuz.

Gyftr's Recent Business Updates

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In an exchange filing on April 7, the company announced that it has officially changed its name from LKP Finance to Gyftr Limited. This change in name was approved by the Registrar of Companies, Ministry of Corporate Affairs, with effect from April 6, 2026.

In March, the company announced the allotment of bonus equity shares in the proportion of 4:1. The company allotted 6,14,46,600 equity shares of ₹10 each as fully paid-up bonus equity shares. This move aims to reward eligible members of the company.

Financial Performance

Gyftr posted a net profit of ₹5.9 crore for the quarter ending on December 31, 2025, marking a significant improvement from the net loss of ₹11.4 crore in the same period last year. Revenue from operations for the December quarter stood at ₹90.4 crore, a substantial increase from ₹14.4 crore in the same period last year.

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Share Price Trend

The multibagger stock has remained volatile in the near term amid weak market sentiments. The stock has rallied over 19.11% in a week and 10.36% in a month. However, the stock has shed 27% in the last three months. Gyftr share price has delivered impressive returns of 53% in six months and multibagger returns of 154.66% in a year. The stock has quadrupled investors' money by soaring over 1161% in the last three years and 1247% in five years.