Stock split upcoming; Record date in 7 days on April 18: Shares of the company trades at 4,186 per cent ROE and gave multibagger returns in just 1 year!

The stock gave multibagger returns of 400 per cent in just 1 year and a whopping 1,340a per cent in 3 years.

Suratwwala Business Group Limited (SBGL) is engaged in developing and maintaining commercial and residential real estate projects in Pune. The Board approved the sub-division/stock split of each equity share of face value of Rs 10 each, fully paid into 10 equity shares of face value of Rs 1 each, fully paid up by alteration of Capital Clause of Memorandum of Association of the company. The Record date for a stock split of existing equity shares is April 18, 2024.

The company operates in the construction and development of commercial and residential projects, property maintenance for its developments, and leasing space for mobile towers and hoardings, with a current focus on completing existing projects, delivering existing inventory, and acquiring large plots of land near Pune. The company has a market cap of Rs 1,619.7 crore and reported positive numbers in its Quarterly Results (Q3FY24) and nine-month results (9MFY24) with a 3-year stock price CAGR of 145 per cent.

Also Read: What is Book Value and Book Value Per Share? Importance & limitations of book value!

On Wednesday, shares of SBGL surged 1.85 per cent to Rs 934 per share with an intraday high of Rs 940.70 and an intraday low of Rs 911.70. The stock’s 52-week high is Rs 968.95 and its 52-week low is Rs 178.10

The company's shares have an ROE of 4,186 per cent and an ROCE of 79.5 per cent. The stock gave multibagger returns of 400 per cent in just 1 year and a whopping 1,340 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

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