Lancer Container Lines shines on entering into MoU with African Peace and Security Union
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Lancer Containers Lines is currently trading at Rs. 399.00, up by 12.75 points or 3.30% from its previous closing of Rs. 386.25 on the BSE.
The scrip opened at Rs. 400.15 and has touched a high and low of Rs. 410.00 and Rs. 400.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.00 on 14-Oct-2022 and a 52 week low of Rs. 118.10 on 25-Oct-2021.
Last one week high and low of the scrip stood at Rs. 405.00 and Rs. 350.50 respectively. The current market cap of the company is Rs. 1164.20 crore.
The promoters holding in the company stood at 64.01 % while Institutions and Non-Institutions held 13.60% and 22.39% respectively.
Lancer Container Lines has entered into a Memorandum of Understanding (MOU) with African Peace and Security Union in the spirit of Peace, Friendship and Mutual Cooperation. This agreement will help the Lancer Container Lines and its subsidiaries to establish strong business presence in Africa hinterland covering interest areas of Port Logistics, ICD Port, warehousing, Shipping, Container Trading, Project Cargo, Container Yard, freight Forwarding and all related requirements.
Lancer Containers Lines is engaged in providing logistics services.
