1:2 Bonus Issue: Multibagger Small Cap Stock Under Rs 55 Revises Record Date

Small cap stock operating in Real Estate Sector, Lancor Holdings Ltd revised the record date for 1:2 bonus issue. Earlier, the company fixed August 17, 2023 as the record date and now it has been changed to August 18, 2023. Lancor Holdings shares delivered multibagger returns to shareholders. In last 2-years, Lancor Holdings stock offered 478% return. Check details below:

Lancor Holdings Revises Record Date For 1:2 Bonus Share: According to the BSE filing of Lancor Holdings dated July 17, 2023, "In continuation to the earlier intimation/ announcement made by the Company in terms of Regulation 29 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,on 7th July, 2023 and 14th July, 2023 respectively, please be informed Board of Directors of the Company has revised the record date for the purpose of issue of Bonus shares from Thursday 17th August , 2023 (as fixed by Board on its meeting dated 14th July, 2023) to 18th August, 2023, Friday (The Record date) through resolution passed by circulation on today i.e. 17th July, 2023."

Earlier this month on July 14, 2023, the Board recommended issue of Bonus to equity shareholders of the Company in proportion of 1:2 subject to the approval of shareholders.

Lancor Holdings Stock Performance & Return: Last trading price of Lancor Holdings share is Rs 51.49 per share with intraday gain of 0.96%. Its 52-week high price is Rs 53.35 per share and 52-week low price is Rs 23.70 per share, respectively. It has a market capitalisation of Rs 208.53 crore. Lancor Holdings shares offered return of 1675% in last 3-years, 478% return in last 2-years, and 85% return in last 1-year. In last 3-months, Lancor Holdings stock offered return of 72%.

Lancor Holdings Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income of Rs 27.11 crore, down 15.13 % from preceding quarter total income of Rs 31.94 crore. It declared its latest quarter net profit after tax at Rs -.40 crore.

Disclaimer: The stock highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.