Multibagger Stock: There are many such stocks which have given multibagger returns to their shareholders during and after the Corona Pandemic (Covid 19 Pandemic). Lancer Container Lines Ltd is also one such stock which has made its investors rich in one year. Lancer Container Lines is such a stock in which not only domestic investors are invested, but this stock has also forced foreign portfolio investors to invest.
14 shares became Rs 323
The stock of Lancer Container Lines Limited has given amazing returns in the last 5 years. 5 years ago this small cap stock was trading at Rs 14. But now this stock is trading close to Rs 323. The stock has given a return of 2200 per cent i.e. 22 times in 5 years. The stock has given a return of 180 per cent in one year. A year ago, SHAPE was trading at Rs 114. The market cap of this multibagger stock is close to Rs 973 crore. Lancer Container Lines Limited has also touched the level of Rs 404. However, profit-booking has been seen in the stock from these levels.
FPI increased investment
The stock of Lancer Container Lines is very attractive to foreign portfolio investors. Foreign portfolio investors have increased their exposure from 6.63 per cent to 13.60 per cent only in the April-June 2022 quarter. Elara India Opportunities Fund earlier held 1.67 percent stake, which has increased to 4.43 percent. Apart from this, FPIs like Eriska Investment Fund hold 3.32 percent, Nomura Singapore has 3.88 percent and Response Opportunities Fund has 1.33 percent stake.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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