Square Four Projects India Ltd., a microcap company in the real estate industry, has announced a stock split to enhance the liquidity of its shares in the stock market and make them more affordable to potential investors. The company has set the record date for the stock split on July 20, 2023.
The company reported a net profit of Rs 0.17 Cr in the March 2023 quarter, compared to a net loss of Rs -0.05 Cr in the December 2022 quarter. Its earnings per share (EPS) stood at Rs 0.17 in Q4FY23 as against Rs -0.05 in Q3FY23. In the fiscal year ended FY23, its net profit was Rs 0.02 Cr, and EPS reached Rs 0.02 in 12MFY23, according to data from BSE.
As of July 11, Square Four Projects India’s stock was trading at Rs 20.34. It reached a 52-week high of Rs 22.09 on April 17, 2023, and a 52-week low of Rs 8.01 on December 26, 2022. The stock price has gained 11.15% from Rs 18.30 over the past year. So far in 2023, the stock has gained a multibagger return of 153.30%, increasing from Rs 8.03 to the current market price on a year-to-date (YTD) basis. Over the past six months, the stock has surged from Rs 8.30 to the current market price, resulting in a multibagger return of 145.06%. The stock has risen by 33.29% in the past month and by 10.18% in the last five trading sessions.
As of Q1FY24, the company’s promoter shareholding is 74.63% and the public stake is 25.37%.
The stock split announcement by Square Four Projects India Ltd. comes as the company aims to attract more investors and increase the trading volume of its shares. By reducing the face value of its shares, the company hopes to make them more affordable and accessible to a wider range of investors.
The decision to split the stock reflects the management’s confidence in the company’s future prospects and the positive momentum it has experienced so far this year. With a significant gain of 154% year-to-date, Square Four Projects India’s stock has outperformed the market and could attract further attention from investors.
Investors and analysts will be closely monitoring the company’s financial performance and market dynamics following the stock split. The company’s ability to sustain its growth trajectory and capitalize on emerging opportunities in the real estate industry will be key to its future success.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.
