1:2 bonus share FY24 and FIIs bought 11,39,690 shares & PAT zooms over 400 per cent in Q1FY25: Multibagger penny stock at Rs 50 to keep under the radar!
The stock is up by 45.5 per cent from its 52-week low is Rs 31.18 per share and gave multibagger returns of 700 per cent in 3 years.
Lancor Holdings Ltd, established in 1985, specializes in real estate development, commercial property leasing, and related activities. Primarily operating in Chennai, the company has a track record of completing 73 projects spanning 49.13 lakh square feet, including both commercial and residential developments. Their portfolio encompasses a variety of projects such as Lancor Infinys in Keelkattalai, Lancor Rathi Rupa in T Nagar, Lancor Lumina in Guduvanchery, Lancor Homeleigh on Sterling Road, Lancor TCP Altura in Sholinganallur, Cornerstone in Nanganallur, The Atrium in Thiruvanmiyur, The Courtyard in Nanganallur, and Lancor Kiruba Cirrus in Valasaravakkam. The company also actively engages in redevelopment projects across the city through joint development ventures.
According to Quarterly Results, the net sales increased by 27.3 per cent to Rs 35.35 crore, the operating profit increased by 87.7 per cent to Rs 9.29 crore and the net profit increased by 402.6 per cent to Rs 2.90 crore in Q1FY25 compared to Q1FY24. In Q1FY25, FIIs took a fresh entry and bought 11,39,690 shares or 1.56 per cent stake in the company in May 2024 compared to Nil holding in March 2024. Looking at the annual results, net sales increased by 11.11 per cent to Rs 114.94 crore in FY24 compared to Rs 103.45 in FY23. The company reported a net loss of Rs 0.34 crore in FY24 compared to Rs 16.99 crore in FY23.
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Earlier, the shares of the company ex-traded 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 shares of Rs 2 each fully paid up. The ex-date for bonus shares was August 18, 2023. The company has a market cap of Rs 331 crore and has delivered good profit growth of 18.7 per cent CAGR over the last 5 years.
Today, shares of Lancor Holdings Ltd surged 0.09 to Rs 45.37 per share from its previous closing of Rs 45.33 with an intraday high of Rs 46.50 and an intraday low of Rs 44.93. The stock’s 52-week high is Rs 63 and its 52-week low is Rs 31.18. The stock is up by 45.5 per cent from its 52-week low is Rs 31.18 per share and gave multibagger returns of 700 per cent in 3 years. Investors should keep this micro-cap stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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