1:2 Bonus Issue Recommended: Small Cap Stock Hits Upper Circuit, New 52-Week High

Small cap stock operating in real estate sector, Lancor Holdings Ltd on July 14, 2023 recommended bonus issue in the proportion of 1:2. It implies shareholders will receive 1 bonus share for every 2 shares held as on the record date. Lancor Holdings shares witnessed a rally of 85% in last 1-year and 512% in last 2-years. Check details below:

Lancor Holdings Announces 1:2 Bonus Share: As per the BSE filing of the company dated July 14, "In pursuance to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 this is to inform that the Board of Directors of the Company at its meeting held today i.e. 14th July, 2023 has recommended issue of Bonus Shares to the equity shareholders of the Company in the proportion of 1:2 i.e. 1 (one) equity share of Rs. 2/- (Rupees Two) each for every 2 (two) existing equity share of Rs. 2/- (Rupees Two) each fully paid up held as on the record date, subject to the approval of the shareholders in the ensuing AGM."

Lancor Holdings Stock Performance & Return: Last trading price of Lancor Holdings share is Rs 51.13 per share on BSE with intraday jump of 4.73%. The stock hit upper circuit and traded new 52-week high on July 14. It also traded new 52-week high on July 13 and July 10. The stock's 52-week high price is Rs 51.26 per share and 52-week low price is Rs 23.70 per share, respectively. Its market capitalisation is Rs 207.08 crore. Lancor Holdings shares delivered return of 85% return in last 1-year, 512% return in last 2-years, and 1523% return in last 3-years.

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 just 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.