BSE stock to consider stock split after giving 85% YTD return. Do you own?

Ajmera Realty

2023: Square Four Projects stock split One of the possible multibagger stocks for 2023 is the Indian stock market. This small-cap company has increased from about $8 to $15 per share, generating returns of 85% year-to-date (YTD). The company’s board of directors will be debating the proposal for a stock split today, thus the possible multibagger penny stock for 2023 is in the spotlight. In this context, the small-cap company has alerted the Indian stock exchanges of the proposed stock split and upcoming board meeting.

The proposed stock split was announced to Indian stock exchanges with the following statement: “We would like to inform you that a meeting of the Board of Directors of the Company will be held on Friday, the 31st day of March 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 of the Company).”

History of share prices for Square Four Projects India
Since the beginning of the year 2023, this potential multibagger penny stock has been rising. In the first quarter of the present year, it returned more than 85% to its positional shareholders after rising from $8 to $15 per share in 2023. Prior to the start of 2023, though, this small-cap multibagger stock stayed in base-building mode all year.

Only on the BSE is the multibagger stock for 2023 available for trading. Its market capitalization is 14 crore, and after around two hours of trading, there have been only 888 trades. Thus, only high-risk investors should purchase this tiny float stock. Since the other stock fundamentals are anticipated to be the same for small-cap stock and penny stock, respectively, the stock split is anticipated to enhance volume of the latter. Its 52-week low is 8, and its 52-week high is each $20.85.