Multibagger penny stock below Rs 75; Board announces stock split and positive Q2FY24 & H1FY24 results!

From Rs 15 per share to Rs 74.80 per share, the stock gave multibagger returns of 399 per cent in just 3 years.

Atal Realtech Ltd informed the exchanges (BSE Scrip Code: 543911 NSE Scrip Code: ATALREAL) that the Board considered the proposal for sub-division of 1 equity share of the company having a face value of Rs 10 each into 5 equity shares having a face value of Rs 2 each. The company fixed the record date as Thursday, November 16, 2023.

Atal Realtech, a company with a market capitalization of Rs 108 crore, reported positive financial results in both its Quarterly Results and half-yearly results. In Q2FY24, the company's net profit increased by 94.4 per cent to Rs 0.35 crore from Rs 0.18 crore in Q2FY23, despite a decrease in net sales from Rs 699.29 crore to Rs 5.54 crore. For the half-year period H1FY24, the company reported net sales of Rs 9.87 crore and net profit of Rs 0.58 crore, compared to Rs 14.07 crore and Rs 0.56 crore in H1FY23, respectively. 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.

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.

On Monday, shares of Atal Realtech Ltd gained 1.73 per cent to Rs 72.50 per share from its previous closing of Rs 71.27. The stock traded at an intraday high of Rs 74.80 and an intraday low of Rs 71.30.

From Rs 15 per share to Rs 74.80 per share, the stock gave multibagger returns of 399 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.