Multibagger stock below Rs 20, Board likely to announce stock split!

The stock is up by 54.05 per cent year to date and over 117 per cent in just 2 years.

The benchmark Indian indices finished the day lower on Friday. The BSE Sensex Index fell 0.69 percent to 57,527.10, while the NSE Nifty-50 Index fell 0.77 percent to 16,945.85.  

Despite the market's weakness, shares of Square Four Projects India Ltd were locked in 5 per cent upper circuit to Rs 12.37 per share from its previous closing of Rs 11.79. The stock has a 52-week high of Rs 20.85 and a 52-week low of Rs 8.01.  

The company informed that a meeting of the Board of Directors of the Company will be held on Friday, March 31, 2023 at 4.00 P.M. at the Registered Office of the Company at 238A, A J C Bose Road, 2nd Floor, Kolkata- 700 020 to consider and approve the proposal for Stock Split (reduction in face value) of the equity share the company which was one of the reason for increase in the stock price.  

Square Four Projects India Ltd, incorporated in the year 1992, is a Small-Cap company (having a market cap of Rs 12.13 crore) operating in Miscellaneous sector. The company is engaged in the development of infrastructure and real estate.  

The stock is up by 54.05 per cent year to date and over 117 per cent in just 2 years. Investors should keep this multibagger stock under their radar.