Stock Split Update: Logistics Stock Fixes Record Date, 3-Years Return 3468%

Leading Logistics sector stock, Lancer Container Lines Ltd fixed record date for stock split on December 5, 2022 and it is December 16, 2022. The company has a market capitalisation of Rs 1,335 crore. The stock has given multibagger returns to investors in the last 5-years.

What is stock split?

When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines. The companies go for stock split to make the share more affordable for investors who may find it difficult to buy the shares of that company due to high prices. Check key takeaways below:

1. Board Of Lancer Container Lines Sets Record Date

The board of directors of the company said in the BSE filing dated December 5, 2022, "Record Date for Sub-Division of Face Value of Rs. 10/- each to face Value of Rs. 5/- each is December 16, 2022."

2. Lancer Container Lines Stock Performance

The last trading price of the stock is Rs 443 apiece with an intraday fall of 0.86%. The stock's 52-week high is Rs 517 apiece and 52-week low is Rs 152 apiece, respectively.

3. Lancer Container Lines Return

The stock has given 1158% return in last 5-years, 3468% return in last 3-years, and 116% return in last 1-year.

4. Lancer Container Lines About

Lancer is well recognized in the shipping industry with a reputation for providing customer friendly solutions with having a fleet of containers (dry boxes, special equipments and reefers).

Lancer has its corporate office in Mumbai. It has a wide range of networks at all major gateway ports and in land destinations. It has managed to tie up with various associates in Gulf, Upper Gulf, Far East and Indian sub continents, according to its official website.

 

Disclaimer

The stock gives details pertaining to stock split. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.