Lyka Labs becomes sky scraper in small cap index

Indian based healthcare company, Lyka labs has become the stock of November 25. The shares of the company have emerged as the largest gainer in the small cap index. The shares of the company which previously closed at Rs 51.20 on November 25, have opened at Rs 52. The scrip as at 10.03 am is trading at Rs 61.40, up by 19.92 per cent. However, the stock is trading at 62.14 SMAs with a high volume of 87858.

The shares of Lyka Labs in the last five days were trading flat. In the last three months, shares have fallen by 8 per cent.  In the last six months, shares of the company have plunged by 13 per cent. Fifty-two-week high/low stands at Rs 143/49.

On the financial front, Lyka Labs has reported a disappointing result. In Q2, net sales stand at Rs 20.29 crores, which has increased by 4 per cent. However, the net profits stand at Rs 0.63 crores which have fallen by 80.29 per cent as compared with the corresponding quarter of the previous fiscal.