Multibagger stock UY Fincorp hits 52-week high after giving 140% return in YTD. Do you own?

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Multibagger stock: UY Fincorp shares are one of the multibagger stocks that Dalal Street has delivered in 2023. This small-cap stock below ₹50 has surged from around ₹12.25 to ₹30.70 apiece levels in year-to-date (YTD) time, delivering to the tune of 140 per cent return to its positional shareholders in YTD time. However, it seems that small-cap stock still has some steam left.

UY Fincorp share price today opened upside and went on to hit intraday high of ₹30.70 apiece levels within few minutes of stock market's opening bell, which turned out its new 52-week high on BSE. After ushering in new financial year 2023-24, this small-cap stock below ₹50 has been in continuous uptrend. After making its bottom in March 2023 at around ₹12.50 apiece levels, this multibagger stock has ascended to a new 52-week high of ₹30.70 apiece, delivering around 145 per cent return in 2023.

In last six months, this multibagger stock has surged from ₹12.95 to ₹30.70 per share levels, delivering to the tune of 125 per cent in this time. In last one year, this multibagger stock has risen from 14 to ₹30.70 per share levels, delivering more than 100 per cent return to its long term positional investors. In a strategic move aimed at unlocking value and optimizing its portfolio, UY Fincorp has announced the disinvestment of its entire equity stake in ANS Developers Private Limited (ADPL).

Holding 32,00,000 Equity Shares, representing 14.13 per cent equity stake in ADPL, the company entered into a Share Purchase Agreement (SPA) with Golden Goenka Credit Private Limited (GGCPL). As per the information shared by the small-cap company, these shares were originally bought for ₹25 each, totaling ₹8 crores. Now, UY Fincorp has agreed to sell all its shares