Locked in upper circuit limit, multibagger IT stock to turn ex-split this week

The company has fixed Monday, January 23, 2023 as the record date in order to determine the eligibility of members for the purpose of sub-division of every 1 equity share of face value of ₹10 each into 5 equity shares of ₹2 each. Due to the company’s T+1 settlement mechanism, the scrip shall turn ex-split on the same day on 23-01-2023.

In Q3FY23, the company reported net sales of ₹5.31 Cr compared to ₹0.03 Cr reported in the year-ago quarter. In Q3FY23, the company reported a total income of ₹7.06 Cr as against ₹0.15 recorded in Q3FY22. The company posted a net profit of ₹1.69 Cr in the quarter ended December 2022 compared to ₹0.01 Cr, posted in the quarter ended December 2021. Fourth Dimension Solutions posted an EPS of ₹0.10 per share in Q3FY23 compared to ₹0.01 per share recorded in Q3FY22.

Fourth Dimension Solutions Limited became public on the NSE on September 6, 2022, and since then, the company’s stock price has gone up 484.44% so far. The scrip hit its upper circuit limit of ₹128.10 apiece level and then the stock price closed on Friday at ₹127.70 apiece level, up by 1.67% from the previous close of ₹125.60. The stock recorded a total volume of 169,684 shares compared to the 20-Day average volume of 38,113 shares. It produced a multibagger return of 484.44% during the previous six months, and so far this year, it has climbed by 9.15% on a YTD basis.

For the quarter ended December 2022 or Q3FY23, the company recorded a promoter shareholding of 93.33% and a public stake of 6.67%. At Friday’s closing price the stock was seen trading above the 5 days, 10 days, 20 days, 50 days, 100 days and 200 days Simple Moving Average (SMA).