33,000 Per Cent Returns: Multibagger Penny Stock Under Rs 55 Jumps 8.9 Per Cent From Intraday Low With Volume Spurt

The stock gave multibagger returns of 600 per cent in just 2 years and a whopping 1,875 per cent in 3 years.

On Monday, shares of Hazoor Multi Projects Ltd jumped 8.90 per cent to an intraday high of Rs 50.10 per share from its intraday low of Rs 46 per share. The stock is up by 75 per cent from its 52-week low of Rs 28.41 per share. At the closing bell, shares of the company were trading at Rs 49.74 per share, up 3.54 per cent from its previous closing of Rs 48.04 per share with a 2.38 times spurt in volume on BSE.

Hazoor Multi Projects Ltd, founded in 1992, has transitioned from residential construction to focus on infrastructure development. They primarily act as a subcontractor on national highway projects for government agencies like the Maharashtra State Road Development Corporation and the National Highways Authority of India. Additionally, Hazoor Multi Projects has ventured into the EPC (Engineering, Procurement and Construction) contracting business. The company has a market cap of Rs 988 crore. 

According to Quarterly Results, the net sales increased by 118 per cent to Rs 153.08 crore and net profit increased by 17 per cent to Rs 11.02 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales decreased by 59 per cent to Rs 225.16 crore and net profit decreased by 68 per cent to Rs 20.48 crore in H1FY25 compared to H2FY24. 

The shares of the company ex-traded stock split in the ratio 10:1 i.e., sub-division of equity shares of Rs 10 face value, 10 equity shares of face value of Re 1 each on Thursday, November 07, 2024. Hazoor Multi Projects Limited (HMPL) is making significant strides. The company is merging with Square Port Shipyard Private Limited to leverage synergies and benefit stakeholders, subject to regulatory approvals. Furthermore, HMPL has secured two contracts from the National Highways Authority of India (NHAI) for user fee collection and maintenance services on specific highway sections, totalling approximately Rs 20.53 crore.

The shares of the company have a PE of 16x whereas the sectoral PE is 25x. The stock gave multibagger returns of 600 per cent in just 2 years and a whopping 1,875 per cent in 3 years. From Rs 0.15 to Rs 49.74 per share; the stock rocketed 33,000 per cent in 5 years. Investors should keep an eye on this penny stock.

Disclaimer: The article is for informational purposes only and not investment advice.