414 per cent returns in this multibagger stock: Board likely to announce stock split for the first time ever!

From Rs 21.33 per share to Rs 109.70 per share, the stock gave multibagger returns of 414.30 per cent in just 3 years.

Atal Realtech Ltd informed the exchanges (BSE Scrip Code: 543911 NSE Scrip Code: ATALREAL) that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, September 21, 2023, inter alia, to consider and approve:

1. Sub-division/ stock split of equity shares of the company.

2. Any other matter with the permission of the Chair.

Atal Realtech Limited is in the business of civil construction and government contracting. The company provides integrated contracting and sub-contracting services for civil and industrial construction, engineering and complete infrastructure project management.

According to the financials, Atal Realtech has a market cap of Rs 143 crore. The company reported positive numbers in its Quarterly Results and annual results. In Q1FY24, the company reported a net sales of 4.33 crore, an operating profit of Rs 0.80 crore and a net profit of Rs 0.23 crore. In FY23, the net sales increased by 5 per cent to Rs 40.63 crore and net profit decreased by 3.7 per cent to Rs 2.08 crore compared to FY22.

Today, shares of Atal Realtech Ltd gained 1.46 per cent to an intraday high of Rs 111 per share from its previous closing of Rs 109.40. The shares of the company saw a spurt in volume by more than 4 times on BSE.

From Rs 21.33 per share to Rs 109.70 per share, the stock gave multibagger returns of 414.30 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.