Foreign Institutional Investors (FIIs) buying and selling activities are closely tracked by various Brokers and analysts since it is one of the most important factors implying the degree of confidence of investors, especially the retail investors, in the stock.
Listed below is a logistics stock under Rs 100 in which FIIs increased their stake by 11.85 percent in Q3FY23-24:
Lancer Container Lines Limited
With a market capitalization of Rs 2,089.15 crores, the stocks of Lancer Container Lines Limited currently trade at Rs 91.41, gaining approximately 0.80 percent as compared to the previous closing levels of Rs 90.72 apiece.
Keeping a purview of six months, the company’s stock has delivered close to multibagger returns of around 96 percent to its stakeholders.
The latest shareholding pattern data for the quarter ended December 2023 exhibits an increase of 11.85 percent in the FII holding, i.e., an upward shift from an 11.46 percent stake during the September 2023 quarter to a 23.31 percent stake during the December 2023 quarter.
Having a glance at the financials of the company, the prime indicators of business, i.e., operating revenues as well as net profits, have marginally increased during the recent financial quarters.
The former rose from Rs 164.25 crores during Q1FY23-24 to Rs 166.33 crores during Q2FY23-24, and the latter, keeping the timeframe the same, shifted from Rs 14.12 crores to Rs 14.21 crores.
The basic profitability ratios, though dipped in the FY22-23, were reported at healthy numbers with the return on equity (RoE) reported at 41.91 percent and the return on capital employed (RoCE) reported at 29.64 percent.
Moreover, the net profit margin (NPM) of the company increased consistently with the most recent movement from 4.51 percent during FY21-22 to 6.42 percent during FY22-23. The company’s quick ratio also showed stellar growth from ‘1.13’ to ‘5.85’.
As per the recent presentations, the company plans to enter into the ‘liquid container’ and ‘tank container’ segments. The company plans to add 8,000-9,000 Twenty-foot Equivalent Units (TEUs) in the coming two quarters to reach a total capacity of 24,000 TEUs by FY25.
Lancer Container Lines Limited is a logistics company based in India that is engaged in providing coastal water transport services of intermodal containers by container ships. The
group provides logistic services such as freight forwarding, non-vessel-operating common carriers, container trading and leasing, and container yards.
Written by Amit Madnani
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