This low float stock that turned 5-bagger meets CANSLIM and Warren Buffett's rules of investing
Holding of promoters is around 64.01 per cent while holding by FIIs is at a whopping 13.60 per cent.
Lancer Containers Lines Ltd is a shipping agency house that provides liner non-vessel owning common carrier (NVOCC) services to Asia, Africa, LATAM (Latin America), and CIS countries.
The company also offers shipping and shipping-related services like project and freight forwarding, container trading & leading. The team includes experienced people in diverse sectors who believe in providing prompt and effective services to customers, which is best-in-class in the industry. The company provides end-to-end logistic solutions that meet the diverse shipping need of our customers under one roof.
The stock has witnessed a parabolic rise in the last one year as it delivered eye-popping returns of nearly 443 per cent. Interestingly, despite this sharp upmove witnessed during the last one year, the stock is showing no signs of reversal. Technically, the stock has witnessed Stage-1 cup & handle pattern breakout. Interestingly, the stock is meeting all the CANSLIM characteristics as well as Warren Buffett’s rules of investing.
The company has a good return on equity (RoE) of 39 per cent, which is exceptional along with a reasonable debt-to-equity of 22 per cent, signalling a healthy balance sheet. From O’Neil Methodology perspective, the stock has an EPS Rank of 99, which is a great score, indicating consistency in earnings. It also has RS rating of 95, which is great, indicating the outperformance as compared to other stocks.
Here comes the most exciting thing about this stock. Holding of promoters is around 64.01 per cent while holding by FIIs is at a whopping 13.60 per cent. Interestingly, the FIIs have been consistently increasing their stake in this stock over the last three quarters. The number of shares in float is around 1.08 crore.
Talking about the financials of the company, it has delivered a good profit growth of 74.83 per cent CAGR over the last five years. The company’s median sales growth is at 41.03 per cent over the last ten years.