Lokesh Machines Ltd has seen a significant rally this week, with shares surging by 28.43% to reach ₹422.35. This impressive performance has attracted attention from investors, particularly as the company has been providing multibagger returns over the past year. Currently, Lokesh Machines is positioned as a leading player in the manufacturing of special purpose machines and CNC lathes, catering to both domestic and international clients across sectors.
The company is set to announce its Q2 FY25 financial results next week (Tuesday, November 12, 2024), adding to investor interest. With a robust portfolio that includes CNC turning centers, vertical machining centers, and various automation solutions, Lokesh Machines has expanded its reach to international markets, including Japan, Germany, and other parts of Europe and Asia.
Over the past month, the stock has experienced a substantial gain, with an increase from previous levels, while on a weekly basis, it has climbed sharply, marking Lokesh Machines as a promising stock in the machinery and automation sector.
In comparison, the Nifty 50 has faced a decline of 3.74% this month, highlighting Lokesh Machines’ outperformance in a challenging market environment. Investors are eagerly awaiting the Q2 results, which may further influence the stock’s trajectory.
LOKESH MACHINES LTD Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Nov 8 2024
|
₹408.00
|
₹422.35
|
|
|
Thu, Nov 7 2024
|
₹332.90
|
₹393.60
|
|
|
Wed, Nov 6 2024
|
₹329.00
|
₹328.00
|
|
|
Tue, Nov 5 2024
|
₹328.00
|
₹320.15
|
-2.24%
|
|
Mon, Nov 4 2024
|
₹330.00
|
₹327.50
|
-7.22%
|
|
Fri, Nov 1 2024
|
₹352.80
|
₹353.00
|
|
|
Thu, Oct 31 2024
|
₹351.60
|
₹351.95
|
-0.10%
|
|
Wed, Oct 30 2024
|
₹348.60
|
₹352.30
|
|