Multibagger Penny Stock Below Rs 20 Sets Record Date For Stock Split, Scrip Gains 154% YTD

During Friday's closing session, Square Four Projects India Ltd., a microcap firm, registered a market cap of Rs 19.95 Cr. The firm has its headquarters in Kolkata and operates in the real estate industry. In order to enhance the liquidity of its shares in the stock market and make its shares more affordable to potential investors, the company has announced stock split in addition to record date. "The Board of Directors of the Company has fixed Thursday, 20th day of July 2023 as the RECORD DATE for the purpose of sub-division / splitting of face value of an of equity share of the Company from Rs. 10/- per share to Rs. 5/-per share," said Square Four Projects India in a stock exchange filing on Thursday.

The company reported a net profit of Rs 0.17 Cr in March 2023 quarter compared to a net loss of Rs -0.05 Cr in the December 2022 quarter. Its EPS stood at Rs 0.17 in Q4FY23 as against Rs -0.05 in Q3FY23. In the year ended FY23 its net profit stood at Rs 0.02 Cr and EPS reached Rs 0.02 in 12MFY23, as per the data of BSE.

On 11th July, Square Four Projects India was last seen trading at Rs 20.34. The stock made a 52-week-high of Rs 22.09 on (17/04/2023) and a 52-week-low of Rs 8.01 on (26/12/2022). The stock price climbed from Rs 18.30 to the current market price during the past year, gaining 11.15%. A multibagger return of 153.30% has been recorded so far in 2023 as the stock price went up from Rs 8.03 to the available market price on a YTD basis. The stock jumped from Rs 8.30 to the current market price over the past six months, resulting in a multibagger return of 145.06%. The stock has risen by 33.29% over the past month and by 10.18% over the last five trading sessions.

During Q1FY24, the company reported promoter shareholding of 74.63% and public stake of 25.37%.