3,000 per cent returns in this multibagger stock: This logistics company enters into a JV partnership and incorporates a new company for business expansion!

The shares of the company have an ROE of 40.6 per cent and a ROCE of 27.3 per cent.

Lancer Container Lines Ltd., a leading integrated and logistics solution provider in India, informed that Lancia Shipping LLC (Dubai Based out), the 100 per cent wholly owned foreign subsidiary of Lancer Container Lines Limited has entered into a Joint Venture and formed a subsidiary company named ARGO ANCHOR SHIPPING SERVICE L.L.C which would be catering into freight forwarding & liner operations business. The company paid 3,00,000 UAE Dhirams –Lancia Shipping LLC holds- 51 per cent equity holding & Mr Fauzan Chataiwala holds – 49 per cent equity holding.

Earlier, the company announced bonus shares in the ratio of 2:1 and a stock split from a face value of Rs 10 to a face value of Rs 5. The ex-bonus date was September 22, 2023, and the ex-split date was December 16, 2022.

Lancer Container Lines Ltd is in the business of shipping and logistics services in India and abroad. The company has a market cap of Rs 1,890 crore with a 5-year stock price CAGR of 113 per cent. Additionally, the company reported positive numbers in its Quarterly Results and annual results.

On Friday, shares of Lancer Containers Lines Ltd gained 0.30 per cent to Rs 99.60 per share from its previous closing of Rs 99.30 with an intraday high of Rs 101 and an intraday low of Rs 99. The stock has a 52-week high of Rs 106.40 and a 52-week low of Rs 40.26.

The shares of the company have an ROE of 40.6 per cent and a ROCE of 27.3 per cent. The stock gave multibagger returns of 105 per cent in 1 year, 450 per cent in 2 years and a whopping 3,000 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.