27-09-2023 03:14 PM | Source: Accord Fintech
Lancer Container Lines moves up as its arm enters into JV, forms subsidiary

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Lancer Container Lines is currently trading at Rs. 99.00, up by 0.95 points or 0.97% from its previous closing of Rs. 98.05 on the BSE.

The scrip opened at Rs. 98.05 and has touched a high and low of Rs. 102.65 and Rs. 95.15 respectively. So far 571769 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 5 has touched a 52 week high of Rs. 106.40 on 22-Sep-2023 and a 52 week low of Rs. 40.26 on 23-Jun-2023.

Last one week high and low of the scrip stood at Rs. 106.40 and Rs. 88.43 respectively. The current market cap of the company is Rs. 1860.23 crore.

The promoters holding in the company stood at 53.92%, while Institutions and Non-Institutions held 17.49% and 28.59% respectively.

Lancer Container Lines’ 100% wholly owned foreign subsidiary -- Lancia Shipping LLC (Dubai Based out) has entered into a Joint Venture & formed a subsidiary company named ‘Agro Anchor shipping service L.L.C’ which would be catering into Freight forwarding & Liner operations business. Equity Sharing Ratio between Lancia Shipping LLC & Agro Anchor Shipping Service LLC is 51% & 49%.

Lancer Container Lines is engaged in providing logistics services.