Small Cap Stock Under Rs 55 Likely To Consider Bonus Issue, Shares Hit Upper Circuit

Small cap stock from real estate sector, Lancor Holdings Ltd priced under Rs 55 may consider issuance of bonus share in its upcoming meeting on July 14, 2023. Current market price of Lancor Holdings share is Rs 48.00 apiece on BSE. Lancor Holdings stock on July 10, 2023 hit upper circuit and new 52-week high at Rs 50.29 per share. Check details below:

Lancor Holdings Likely To Consider Bonus Share: According to the BSE filing of Lancor Holdings dated July 7, 2023, "Pursuant to Regulation 29(1) & 29(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 14, 2023 and the Board of Directors of the Company may consider issue of Bonus Shares in the aforesaid Board Meeting, subject to the approval of shareholders of the Company."

Lancor Holdings Stock Outlook & Return: Current market price of Lancor Holdings stock is Rs 47.90 per share on BSE till 1:46 pm. The stock's 52-week high price is Rs 50.29 per share and 52-week low price is Rs 23.70 per share, respectively. Its market capitalisation is Rs 194.40 crore. Lancor Holdings shares offered return of 62% in last 3-months, gave 68% return in last YTD, 82% return in last 1-year, and 520% return in last 2-years. Lancor Holdings stock gave maximum return of 1404% in last 3-years.

Lancor Holdings Financial Outlook: The company for the quarter ended March 31, 2023 declared consolidated total income at Rs 27.11 crore, down 15.13% from previous quarter total income at Rs 31.94 crore. It announced its latest quarter net profit after tax in negative 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.