Hat-trick of Bonus: This small-cap stock is likely to announce a bonus soon; don't miss out on the action!

Bonus Champion small-cap stock is likely to announce bonus shares for the third time

Hold onto your seats, folks, because the Indian benchmark indices are in a wild frenzy! On this exhilarating Thursday, the NSE benchmark Nifty50 index has taken a nosedive, slipping below the 19,400 mark, taking us back to the levels of mid-July. The market is reeling under selling pressure, with all sectoral indices drowning in red, except for Nifty Pharma, which has managed to show some muscle with a fantastic 1 per cent jump.

But, amidst all the chaos, there's one Small-Cap stock that's defying the odds and shining bright. It's Lancer Container Lines Ltd, and its stock has surged by a whopping 8 per cent, leaving the rest of the market in the dust. Right now, it's trading at Rs 203.20, far ahead of the others.

What's making this stock stand out in such a tough market? Well, it's all about an exciting announcement! The company's Board of Directors has decided to meet on Thursday, August 10, 2023, to recommend and approve the issue of bonus Shares to its existing shareholders. This is like a reward for being a shareholder!

The market is buzzing with excitement because Lancer Container Lines is known for offering great bonus share ratios. In the past, they announced a 3:5 ratio in 2018 and a 2:1 ratio in 2021. Let me explain what this means: if the ratio is 2:1, for every one share you own, you'll get two bonus shares! It's like a gift from the company to its loyal shareholders.

No wonder investors are eagerly waiting for this meeting. Lancer Container Lines has been on fire in the market, giving a mind-blowing 1100 per cent gain in the last three years turning out to be a multibagger stock, and a fantastic 67 per cent jump in just the last year. It's like a stock market superhero!

So, are you excited about the Board meeting of Lancer Container Lines Ltd? Let us know in the comments!