Fourth Dimension Solutions, a company engaged in the business of designing, developing, deploying, and delivering IT infrastructure and services is nearing its ex-split date on 23rd January 2023.
Fourth Dimension Solutions made the announcement regarding the split on 3rd December 2022. Since the date of the announcement, the shares of the company have surged 39.52%. As of Tuesday, the stock is up by 1.71% at a price of Rs. 124.85 (IST: 12:00) and is near its upper circuit.
The shares will be split in a ratio of 1:5 which means, a single share held by the shareholder will be split into 5 shares with its share price divided by 5. Currently, the face value of the shares is Rs. 10 which will turn into Rs 2
Example: Suppose you hold 10 shares of a company, which are worth Rs 50 each, which amounts to a total of Rs 500. If the company splits its shares in the ratio of 1:5, your 10 shares will turn into 50 shares which are worth Rs.10 each.
From the date of 8th September 2022, the stock has zoomed from Rs 20.65 to Rs.122.65 till this date. This is a multi-bagger return of 498% in a span of five months. An investment of Rs 1 lakh then would be worth Rs 5.98 lakhs within the span of 5 months.
The company reported a total revenue of Rs 2 Crore and net profit in the period stood at Rs 1 Crore.
The small-cap stock has a market capitalization of Rs 399 Crore. The promoters holding in the company is very low at 1.84% percent while the remaining stake of 98.16% percent is held by the public.
-Written by Aaron Vas
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