1,650 per cent returns in this multibagger stock; Board announces bonus shares!
The stock gave multibagger returns of over 1,650 per cent in just 3 years whereas BSE Realty Index is up by 166 per cent.
Lancor Holdings Ltd inform that the Board of Directors of the company has approved bonus shares in the ratio of 1:2 for its equity shareholders i.e., 1 equity share of Rs 2 each for every 2 existing equity share of Rs 2 each fully paid up held as on the record date, subject to the approval of the shareholders in the ensuing AGM. The company fixed the record date for bonus shares as Friday, August 18, 2023.
On Monday, shares of Lancor Holdings Ltd surged 4.34 to make a new 52-week high of Rs 53.35 per share from its previous closing of Rs 51.13. At the closing bell, shares of the company were trading at Rs 51 per share, down 0.25 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 207 crore with a 3-year stock price CAGR of 160 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 1,650 per cent in just 3 years whereas BSE Realty Index is up by 166 per cent. Investors should keep this micro-cap stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.