Multibagger Stock: This stock made rich in 6 years, made Rs 1 lakh to Rs 40 lakh


Highlights

Lancer Container Lines Limited has made tremendous profits in the second quarter.
The company’s net profit has increased from Rs 5.37 crore to Rs 12.22 crore.
The company’s comprehensive income also increased from about 5.37 crores to 121 crores.

New Delhi. The share of Lancer Container Lines Limited is one of those multibagger stocks, which have given excellent returns in the last few years in the Indian stock market. The stock was launched in March 2016 at a price of Rs 12 per share. This stock has made investors rich in the last few years especially after the Corona pandemic. Since listing, this small-cap stock has also announced to give bonus shares twice.

The share price of Lancer Container Lines Limited is Rs 487. It was launched in 2016 at a price of Rs 12 per share. If an investor had invested Rs 1 lakh in this stock 6 years ago, then this Rs 1 lakh would have become Rs 40 lakh today. Because, 6 years ago at Rs 12 per share, he would have had about 8300 shares. Today the price of these shares would have been more than Rs 40 lakh.

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32% return given in 1 month
The stock of Lancer Container Lines Limited is trading with a decline of 1.07 on Wednesday. However, this stock has consistently given good returns. Talking about the last 5 trading sessions, the stock has given a return of 15 percent. The stock has given a return of 32 per cent in the last one month. Have given a return of 125 in 6 months. Even in one year, its return has been only 125 percent. This stock has given a return of 148 per cent in the last 5 years. The stock’s 52-week high is Rs 508 per share and 52-week low is 176.

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Company’s profit increased by 127%
Lancer Container Lines Limited has made tremendous profits in the second quarter of this financial year. During this, the company’s net profit has increased from Rs 5.37 crore to Rs 12.22 crore. This is an increase of about 127 percent. The company’s comprehensive income also increased from about 5.37 crores to 121 crores, while its total assets increased from 192.33 crores to 470.55 crores in the second quarter.

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