323% Return In 5 Yrs: Small Cap Stock Declares Record Date For 1:5 Stock Split

Atal Realtech is a small-cap company in the construction sector. For engineering, full infrastructure project management, and civil and industrial construction, Atal Realtech Limited offers comprehensive contracting and subcontracting services.

The company offers comprehensive services for initiatives in the public sector like water supply and drainage, road and bridge construction, major and minor irrigation projects, and civil construction projects like indoor and outdoor sports stadiums, multipurpose halls, commercial and industrial buildings, hospitals, cold storage facilities, educational institutions, and mass housing projects. The company is a Class I-A registered contractor with the Maharashtra government's Public Works Department.

The company has announced stock split in a 1:5 ratio and regarding the record date the company informed stock exchanges that "We wish to inform you that pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Board of Directors of the Company passed the Resolution at the Board Meeting held today, 04th November, 2023, and fixed the 'Record Date' on 'Thursday, November 16, 2023 for the purpose of sub-division /split of each equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into five (5) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up."

The record date has been announced for determining the eligibility of shareholders for the purpose of sub-division /split of each equity share and interested investors can buy the stock for the purpose of stock split on or before the record date.

In the past three years, the stock has produced a multibagger return of 282.92%, in addition to a multibagger return of 323.20% in the last 5 years. The stock has gone up by 8.00% over the last year, but it has plummeted by 15.41% YTD so far in 2023.

The scrip made a 52-week-high of Rs 147.55 on (01-Sep-2023) and a 52-week-low of Rs 63.05 on (03-Nov-2023), implying that at the current market price of Rs 67.50, the stock is trading 54.25% below the 1 year high and 7.05% above the 1 year low. On Tuesday, the shares of Atal Realtech closed on the NSE with an upside gap of 1.58% at Rs 67.50 apiece. During Q2FY24, the company reported a promoters' shareholding of 49.25% and public stake of 50.74%.