1,400 per cent returns in this multibagger micro-cap stock; Board likely to announce bonus shares!
The stock gave multibagger returns of over 1,400 per cent in just 3 years whereas BSE Realty Index is up by 160 per cent.
Lancor Holdings Ltd inform that a meeting of the Board of Directors of the company is scheduled to be held on Friday, July 14, 2023 and the Board of Directors of the company may consider the issue of bonus shares in the aforesaid board meeting, subject to the approval of shareholders of the company.
On Friday, shares of Lancor Holdings Ltd surged 2.61 per cent to make a new 52-week high of Rs 50 per share from its previous closing of Rs 48.73. At the closing bell, shares of the company were trading at Rs 47.90 per share, down 1.70 per cent.
Lancor Holdings Ltd is engaged in the business of real estate development, leasing of commercial properties and allied activities. The company has a market cap of Rs 195 crore and a 3-year stock price CAGR of 145 per cent.
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As of March 2023, the shareholding pattern of the company indicates that the majority stake of 62.08 per cent is held by the company's promoters, while the remaining ownership is divided among FIIs (0.25 per cent) and the general public (37.68 per cent).
The stock gave multibagger returns of over 1,400 per cent in just 3 years whereas BSE Realty Index is up by 160 per cent. Investors should keep this micro-cap stock under the radar.