Upcoming Bonus Issue: Small Cap Stock To Consider Bonus Issue Soon, Soars 782% In 2-Years

Share of small cap stock, Lancer Container Lines will be in focus this week as board of directors of the company will consider and approve issuance of bonus share on August 10. Last trading price of Lancer Container Lines share is Rs 203.40 apiece with intraday gain of 0.49%. Lancer Container stock soared 40% in last 3-months. Check details below:

Lancer Container To Consider Bonus Issue On Aug 10: According to the BSE filing of the company, "In continuation with the letter dated 31-07-2023 we would like to inform you that the meeting of Board of Directors of the Company will be held on Thursday, August 10'", 2023 at the registered office address of the Company at 4:00 P.M. inter alia, to consider and approve the following matters along with already mentioned matters in our previous intimation dated 31st July 2023, to recommend and approve issue of Bonus Shares to the existing Equity Shareholders of the Company. To consider and fix the record date for bonus issue."

Lancer Container Stock Performance: Last trading price of Lancer Container share is Rs 203.40 apiece as on August 4, 2023. Its 52-week high price is Rs 258.98 per share and 52-week low price 117.58 per share, respectively. The company has a market capitalisation of Rs 1284.35 crore. In last 1-year, Lancer Container shares soared 64%, gave return of 782% in last 2-years, and offered return of 3532% in last 3-years.

Lancer Container Bonus Issue History: The company announced 2 bonus issues since January 3, 2018. Its last bonus issue was declared in 2:1 proportion and ex-bonus date was October 13, 2021. Earlier on January 3, 2018 it announced bonus issue in the ratio of 3:5 with ex-bonus date as January 4, 2018.

Lancer Container Financial Performance: The company for the quarter ended March 31, 2023 announced its consolidated total income at Rs 205.27 crore, up 15.26% as compared to its last quarter total income of Rs 178.10 crore. It announced its recent quarter net profit after tax at Rs 10.97 crore.

Lancer Container About: Lancer Container Lines Ltd. is one of the leading integrated Shipping and Logistics solution providers in India. Listed on the BSE mainboard, Lancer Container Lines leads the way by providing customized shipping solutions to a wide range of customers, according to its official website.

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