Mukul Agrawal Raises Stake in This Finance Company to 4.58% in June Quarter; Stock Gains Over 4% on Friday
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From its 52-week low of Rs 71.06 per share, the stock has surged approximately 57.82 per cent.
✨ Key Takeaways
On Friday, shares of Laxmi India Finance Ltd closed 4.30 per cent higher at Rs 112.15 per share from its previous closing of Rs 107.53 per share. The stock's 52-week high is Rs 180.90 per share and its 52-week low is Rs 71.06 per share. During the day, the stock touched an Intraday high of Rs 112.90, rising 4.99 per cent from the previous closing price.
Ace Investor Mukul Agrawal increased his stake in Laxmi India Finance Ltd during the June 2026 quarter. As per the latest shareholding pattern, his holding in the company rose from 3.83 per cent in the March 2026 quarter to 4.58 per cent in the June 2026 quarter, reflecting a rise of 0.75 percentage points.
Incorporated in 1996, Laxmi India Finance Ltd is a non-deposit-taking Non-Banking Financial Company (NBFC) engaged in providing a range of financial products and services to individuals, businesses and institutions.
The company's business primarily focuses on secured lending across multiple segments.
Its key business offerings include:
- MSME Finance: The company provides secured loans against property to Micro, Small and Medium Enterprises (MSME) customers.
- Vehicle Finance: It offers secured loans for purchasing used commercial vehicles, used personal vehicles, used tractors, two-wheelers, electric two-wheelers and electric three-wheelers.
- Construction Loans: Laxmi India Finance provides secured loans to retail customers for purchasing residential properties or for constructing, renovating or extending homes.
- Other Lending Businesses: The company also offers small-ticket unsecured business and personal loans to MSME and retail customers for working capital and personal requirements. In addition, it provides wholesale loans to other NBFCs.
The diversified lending portfolio enables the company to cater to various customer segments while maintaining a strong presence in secured financing.
The company has a market cap of over Rs 581.56 crore. The stock price has declined 9.55 per cent in the last calendar year-to-date (YTD).
From its 52-week low of Rs 71.06 per share, the stock has surged approximately 57.82 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
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