1:5 Stock Split: Small Cap Stock Hits 52-Week High After 43% Dip In 1-Month

Shares of small cap company operating in Infrastructure Developers & Operators sector, Atal Realtech Ltd hit a 52-week high on Wednesday after witnessing nearly 43% decline in last 1-month. Earlier, board of directors of Atal Realtech considered the proposal of sub-division of shares in the ratio of 1:5. The record date is yet to be issued for the same. Last trading price of Atal Realtech share is Rs 79.00 apiece with intraday fall of 1.50% on BSE. Despite hitting 52-week high, Atal Realtech stock pared all gains. Atal Realtech stock surged 37% in last 1-year. Check details below:

Atal Realtech Declares 1:5 Sub-Division of Shares: As per the regulatory filing of Atal Realtech dated September 21, 2023, "The Board considered the proposal for sub-division of 1 equity share of the Company having face value of Rs 10/- each into 5 (Five) equity shares having face value of Rs 2/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company."

Atal Realtech Stock Outlook & Return: Last trading price of Atal Realtech stock on BSE is Rs 79.00 per share. Its 52-week high price is Rs 153.95 per share and 52-week low price is Rs 78.20 per share, respectively. Its market capitalisation is Rs 116.94 crore. Atal Realtech stock declined 43% in last 1-month, fell 34% in last 3-months, and gained 37% in last 1-year.

About Atal Realtech: It offers integrated contracting and sub-contracting services for civil and industrial construction, engineering and complete infrastructure project management. Incorporated in the year 2012 by Mr. Vijaygopal Atal at Nashik, it is one of the top builders in the industry. It has undertaken and delivered various governmental & private projects for notable organisations. It provides integrated services for governmental projects such as Water-Supply and Drainage Projects, Road and Bridges Projects, Major and Minor Irrigation Projects and civil construction projects like Sport Stadiums (Indoor and Outdoor), Multi-purpose Hall, Commercial structures, Industrial structures, Hospitals, Cold Storages, Educational Institutions, Mass-Housing projects, etc.

Disclaimer

The stock just highlights the stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.