New Delhi, April 13 -- Multibagger stock Gyftr (formerly known as LKP Finance) jumped over 7.24% in Monday's trading session despite weak sentiments on Dalal Street. The stock opened at Rs.170 apiece today, as compared to the previous close of Rs.176.10 and touched an intraday high of Rs.193 on April 13.

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

In an exchange filing on April 7, the company announced that it has officially changed its name from LKP Finance t...