DIIs bought 8,08,983 shares in FY25: Multibagger penny stock below Rs 50 rockets 12.3 per cent with heavy volume; Do you own it?
The stock gave multibagger returns of 315 per cent in just 2 years and a whopping 2,200 per cent in 3 years.
On Wednesday, shares of Hazoor Multi Projects Ltd gained 12.3 per cent to Rs 48.48 per share from its previous closing of Rs 43.16 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE.
Hazoor Multi Projects Ltd is a leading Indian company that builds roads, bridges, and other civil engineering projects. They focus on good quality, safety, and finishing projects on time. They're known for doing excellent work. They have skilled workers and the right equipment to handle big and complex projects. Hazoor Multi Projects helps India grow by building important infrastructure that boosts the economy and makes travel easier.
Recently, Hazoor Multi Projects Limited's fund-raising committee approved the preferential allotment of 10,00,000 equity shares at Rs 30 each to Mr. Rakesh Laroia, following the conversion of 1,00,000 warrants and the receipt of the remaining 75 per cent of the issue price. Concurrently, Square Port Shipyard, a subsidiary of Hazoor Multi Projects located in Dabhol, has entered into a significant Memorandum of Understanding (MoU) with Damen Technical Cooperation B.V., a group company of the renowned Damen Shipyards Group N.V. This collaboration aims to transform Square Port's shipyard into an efficient and sustainable facility capable of constructing Damen's diverse portfolio of ships for both Indian and international markets, leveraging Damen's extensive expertise in ship design, construction, repair, and maintenance.
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The company has a market cap of over Rs 900 crore. The company reported net sales of Rs 164.87 crore and a net profit of Rs 2.72 crore in its Quarterly Results (Q3FY25) while in its nine-month results (9MFY25), the company reported net sales of Rs 391.21 crore and a net profit of Rs 23.20 crore. Looking at its annual results (FY24), the company reported net sales of Rs 545 crore and a net profit of Rs 64 crore.
In FY25, DIIs took a fresh entry and bought 8,08,983 shares or 0.39 per cent stake compared to FY24. The company's shares have a PE of 10x whereas the sectoral PE is 21x. The stock gave multibagger returns of 315 per cent in just 2 years and a whopping 2,200 per cent in 3 years. From Rs 0.10 to Rs 48.48 per share, the stock rocketed by 48,380 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.