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Home News Penny stock locked in 5% upper circuit limit to announce stock split...

Penny stock locked in 5% upper circuit limit to announce stock split this week

Square Four Projects India is a Small-cap company with a market valuation of 12.13 crores who work in the real estate industry. Shares of Square Four Projects India closed at the upper circuit limit on Friday after the company announced that its board of directors will meet this week to consider a stock split proposal.

Penny stock:

“We wish to inform you that a meeting of the Board of Directors of the Company will be held on Friday, the 31st March, 2023 at 4.00 p.m. at the Registered Office of the Company at 238A, AJC Bose Road, 2nd Floor, Kolkata- 700 020 Equity Shares of the Company To consider and approve the proposal for stock split (reduction in face value) of Rs.

During Q3FY23, the company reported a revenue of nil, with the company reporting nil revenue in FY21-22 as well. Company’s net expense stood at 0.06 crore and its EBITDA reached (-0.06 crore). Square Four Projects reports a consolidated net loss (-0.06 crore) and its equity capital was 9.81 crore during Q3FY23.

Shares of Square Four Projects India Limited closed at the upper circuit limit of 4.92% on BSE on Friday. 12.37 each level. The stock recorded an overall volume average of 110 shares. In last 1 year, the stock has fallen 11.33% and on YTD basis, is up 54.05% in 2023 so far. The stock has touched a 52-week high. 20.85 (16/05/2022) and at 52-week low at 8.01 (26/12/2022), it signifies that at the current market price, the stock is trading 40.67% below 1 year high and 54.43% above 1 year low. During the quarter ending December 2022 or Q3FY23, the company recorded promoter shareholding of 74.63% and public shareholding of 25.37%. The stock is trading at a PE ratio of -136.33 times, PB ratio of 2.03 times, ROE of -1.49 times and TTM EPS of -0.09x.

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