Small-cap inventory under ₹50: Lancer Container Traces share value surged 20 per cent to its higher circuit restrict of ₹35.97 on the BSE on Wednesday, November 6 amid excessive volumes within the counter and because the board set date to declare the monetary outcomes for the September 2024 quarter (Q2 FY25).
On BSE, the full traded quantity of the inventory stood at 52.38 lakh, a lot increased than the two-week common of 10.07 lakh. In the meantime, the corporate’s board will meet subsequent week on November 13 to think about and approve Q2 outcomes.
Lancer Container Traces on Tuesday, November 5, in a submitting mentioned, “… the assembly of the Board of Administrators of the Firm is scheduled on 13/11/2024, inter alia, to think about and approve The Standalone and Consolidated Un-Audited Monetary Outcomes of the Firm and Restricted Evaluate Report for 2nd Quarter and Half yr ended thirtieth September, 2024.”
Other than earnings, the corporate’s board can even think about selections pertaining to the precise challenge, it knowledgeable through alternate submitting.
Inventory Value Motion
Lancer Container Traces share value rebounded following two days of back-to-back losses. The small-cap inventory surged as a lot as 19.98 per cent to its higher circuit of ₹35.97 earlier than closing the session at ₹35.44, up 18.21 per cent.
Regardless of immediately’s stellar beneficial properties, the small-cap inventory has fared poorly over the past one yr. Lancer Container inventory is down 60 per cent within the final one yr and 46 per cent up to now six months. On a year-to-date foundation, the inventory has declined 58 per cent in 2024 to this point.
Lancer Container Traces Q1 Outcomes
Within the first quarter of the present monetary yr (Q1 FY25), the corporate witnessed a 14.2 per cent year-on-year (YoY) decline in its web revenue to ₹12 crore from ₹14 crore regardless of a rise in income.
Income in Q1 FY25 stood at ₹172 crore as in opposition to ₹164 crore reported in the identical interval final yr, suggesting a rise of 4.8 per cent.
