18,000 per cent returns & FIIs increase stake: Heavy buying in this multibagger micro-cap stock, hit back-to-back upper circuits & 52-week high!

The stock gave multibagger returns of 165 per cent in just 1 year, 8,635 per cent in 3 years and a whopping 18,000 per cent returns in 5 years.

Today, the Indian indices were trading in green with the BSE Sensex Index up 1.75 per cent to 68,664.22. About 2,461 shares have advanced, 1,286 declined and 197 are unchanged on the BSE. 

Along with the market in green, shares of Hazoor Multi Projects Ltd were locked in 5 per cent to Rs 212.25 per share. The stock also made a new 52-week high of Rs 212.25 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs.

The company’s stock soared today after news broke of a major new order and fundraising plan to fuel its expansion. Here are the details:

Order Update: The company informed that its subsidiary, Hazoor Infra Projects Pvt Ltd received an order from Arawali Kante Multi Projects Pvt Ltd and was authorized by The Ministry of Road Transport & Highways for rehabilitation and up-gradation four lanes in the State of Maharashtra under NHDP-IV on Hybrid Annuity mode in Ratnagiri district. The projected value of the project is Rs 1,129.81 crore. The majority of the project value (Rs 523.45 crore) will come from annuities. The next largest source of funding will be interest on annuities (Rs 463.16 crore). The remaining Rs 143.20 crore will come from O&M costs.

Fund Raise: The Board of Directors will meet on December 6th at 4.30 PM to discuss raising funds for new business opportunities and growth. They'll consider issuing securities, convertible instruments, or using other methods to raise money. They'll also seek member approval for these decisions and related matters.

Incorporated in 1992, Hazoor Multi Projects Limited is engaged in the business of Infrastructure and Real Estate.

According to the financials, Hazoor Multi Projects has a market cap of Rs 321.8 crore with a 3-year CAGR of 337 per cent. The company reported positive numbers in its Quarterly Results and annual results. The net sales increased by 589.34 per cent and the net profit skyrocketed by 1,735.68 per cent in FY23 over FY22. As of September 2023, FIIs have increased their stake to 5.29 per cent compared to 1.36 per cent in June 2023.Hazzomnr

The shares of the company have a PE of 5x whereas the sectoral PE is 22.5x with an ROE of 85.9 per cent & an ROCE of 83.8 per cent. The stock gave multibagger returns of 165 per cent in just 1 year, 8,635 per cent in 3 years and a whopping 18,000 per cent returns in 5 years. Investors should keep an eye on this micro-cap stock.

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