Wrapping Up Profits: How Lancer Container Yielded 6793% Returns
If you had invested ₹1 lakh in Lancer Container Lines in October 2016, you could have had ₹67,93,390 in profits today! This multibagger gave its investors 6793% returns in 6 years. Here’s a sneak peek at the company.
📦 Stock: Lancer Container Lines Ltd.
📦 NSE: $LANCER
⭐ About The Company
In 2011, a need for a cost-efficient and reliable logistics service was observed and Lancer Container Lines was founded. Now it is one of India’s leading logistics and shipping solutions providers. After being listed as a private company in March 2011, Lancer Container Lines became a public limited entity in July 2015.
🌍 Global Presence
Following a Memorandum of Understanding (MoU) agreement with “The African Peace and Security Union”, Africa joined the list of places in which Lancer Container Lines has a strong presence. A number of Asian and North American countries are also part of the list where the company has a strong presence.
💵 Business Model
Following a B2B model, the company deals with businesses’ industrial, retailing and manufacturing needs. It provides business solutions, identifies demand and figures out how it can fulfil the said demands. It offers a range of services in sectors such as FMCG, agriculture, transformation etc.
Lancer Container Lines is known in the logistics market for their cost-efficient customisation and strategic implementation of solutions, pertaining to distribution channels, shipping, freight and more.
🗺️ Expansion Plans
Part of their expansion plans involves transporting to and from untapped regions like the Red Sea and the Ports of Aden. It also plans for its consumer fleet to expand by 30% by the end of this year.
The stock was already trading on BSE and was listed on NSE on May 2022.
💰 Stock Value
On October 18, 2016, the shares of the company were trading at ₹6.05, while they were priced at ₹417.05 as of October 17, 2022.