These two stocks did amazing, climbed above 100% in a month

Multibagger Stock: At present, the impact of the shortage of containers is being seen on the business around the world. However, it has also benefited some companies. Two such companies are Tiger Logistics and Lancer Containers, both of these companies offer container service to traders. The shares of both these companies have gone up more than 100% in the last one month.

104% Ascend Lancer Containers

  • The stock of this company, valued at Rs 290 crore, rose 104% in the last one month.
  • The share price has increased by 2,300 percent in the last 5 years. Along with this, its inventory has gradually increased.
  • According to the company, it provides services to 27 international locations.
  • The company’s annual report states that on a consolidated basis, its earnings have grown at a CAGR of 42%, EBITDA of 33% and web revenue at the rate of 55%.
  • The management said that it has reduced its net debt to just Rs 3.4 crore. Cash in hand was at an all-time high of Rs 8 crore as on March 31, 2020-21.

Tiger Logistics

  • The company’s business was damaged due to restrictions in force due to the Kovid epidemic.
  • Although it seems that later the company has improved its condition.
  • The firm reported a profit of Rs 4 crore in the June quarter with an income of Rs 82 crore, the highest in the last five quarters.
  • The company sees further growth opportunities. In its latest annual report, the management said, “Demand for transportation and logistics should continue to grow, as the Indian economy remains on a high growth trajectory. The domestic market is unsaturated and the country needs investment in transport infrastructure. “

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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