Multibagger small-cap stock: Hazoor Multi Projects Limited (HMPL) is in focus today as the company had secured an order book worth ₹30 crore from B.G. Shirke Construction Technology Pvt, on August 30, as per an exchange filing.
In its official statement, the multibagger small-cap stock noted, “We are pleased to inform you that a work order has been awarded to M/s Hazoor Multi Projects Limited, received from B.G. Shirke Const. Tech. Pvt. Ltd. for Excavation of various sites located at Pahadi Goregaon-1473, Shirdhon-III, Khoni-1374, Nawde-1449, CPWD-1447, Taloja-1415/16, Thane-1453, and Kanamwarnagar-1180.”
HMPL stock price closed in green, up 4.99 per cent at ₹467.00 apiece, hitting its 52-week high on August 30 on BSE. The company enjoys a market capitalisation of ₹871.41 crore.
The project involves excavation work across multiple sites, including Pahadi Goregaon, Shirdhon, Khoni, Nawde, CPWD, Taloja, Thane, and Kanamwarnagar. The company informed BSE Limited in a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.
This announcement is expected to spotlight the company's stock, a notable performer in recent years. Hazoor Multi Projects' shares have recorded a staggering rise, turning it into a multi-bagger stock in the Indian market. Over the last year, the stock price surged from around ₹125.75 to ₹467.00, reflecting a gain of over 271 per cent. Over five years, the growth has been even more extraordinary, with the stock climbing from around ₹1.650 to ₹467.00, marking a 28203 per cent increase.
The multibagger stock, available exclusively on the Bombay Stock Exchange (BSE), has been trading actively with a volume of around 1.28 lakh shares. It currently sits near its 52-week high of ₹454 per share, significantly above its 52-week low of ₹115 per share.
Additionally, the company recently announced a stock split to enhance liquidity further. Pending shareholder approval, the face value of the shares will be split from ₹10 each to ₹1 each. This move is also expected to generate increased interest in the stock in the coming weeks.
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