Multibagger penny stock under Rs 70; Board announces stock split!

From Rs 16.33 per share to Rs 68.99 per share, the stock gave multibagger returns of over 320 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 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 98 crore. The company reported positive numbers in its Quarterly Results and annual results. In Q1FY24, the company reported 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.

On Wednesday, shares of Atal Realtech Ltd plunged 2.78 per cent to Rs 66.10 per share from its previous closing of Rs 67.99. The stock traded at an intraday high of Rs 68.99 and an intraday low of Rs 66.10.

From Rs 16.33 per share to Rs 68.99 per share, the stock gave multibagger returns of over 320 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.