Multibagger stock: FPIs raised their stake in this small-cap company from 6.63% to 13.60% during April to June 2022 quarter
Shares of Lancer Container Lines Ltd are one of the multibagger stocks that Indian stock market has delivered in last one year. In post-Covid rally, this small-cap stock has given whopping return to its shareholders. Probably, this sharp rise in the scrip has attracted Foreign Portfolio Investors (FPIs) as well. In fact, during April to June 2022 quarter, they almost doubled their stake in the company from 6.63 per cent in Q4FY22 quarter to 13.60 per cent in Q1FY23 quarter.