Multibagger stock under Rs 25; Board announces stock split!

The stock gave multibagger returns of 150 per cent in just 6 months and over 250 per cent returns in 2 years.

Square Four Projects India Ltd informed that the Board of Directors of the company has announced a stock split in the ratio 2:1 from its equity shareholders, i.e., sub-division of existing equity shares from one equity share of Rs 10 each into two equity shares of Rs 5 each. The company verified the record date for the stock split as Thursday, July 20, 2023.

Square Four Projects India Ltd was incorporated in the year 1992, is a Small-Cap company (having a market cap of Rs 20 crore) operating in the miscellaneous sector. The company is engaged in the development of infrastructure and real estate.
As per the shareholding pattern, the majority stake in the company is held by the promoters, accounting for 74.63 per cent. The DIIs hold a mere 0.10 per cent stake, while the remaining 25.27 per cent is owned by the general public.

On July 11, 2023, the shares of Square Four Projects India Ltd surged 5 per cent upper circuit to Rs 20.34 per share from its previous closing of Rs 19.38. (Disclaimer: The stock last traded on July 11, 2023 and currently it is not trading on the exchange).

The stock gave multibagger returns of 150 per cent in just 6 months and over 250 per cent returns in 2 years. Investors should keep an eye on this micro-cap stock.