Only buyers in this smallcap stock following the announcement of the rights issue! Do you own it?

Shares had a significant rally, surging over 45 per cent in just one month and delivered outstanding returns of 254 per cent in the past six months!

Today, all the major Asian indices were rising on the back of positive global cues and a healthy earnings season. The Indian domestic indices struggled at the beginning of the session but were subsequently boosted by significant gains in metal and capital goods stocks.  

Investors were drawn to Hazoor Multi Projects thanks to its uninterrupted back-to-back upper circuits and recent corporate announcement.  

The company announced the rights issue proposal and the Rights Issue Committee has now fixed January 20, 2023 as the record date for determining the eligibility of shareholders entitled to the rights issue in the proportion of one equity share for every two equity shares held on that date. The rights issue's opening and closing dates are February 3, 2023 and February 20, 2023, respectively.  

Shares of Hazoor Multi Projects had a significant rally, surging over 45 per cent in just one month and delivered outstanding returns of 254 per cent in the past six months!  

On an intraday basis on Wednesday, shares of Hazoor Multi Projects rallied and locked at a 5 per cent upper circuit at Rs 126.85 per share on the BSE, setting a new 52-week high.  

With healthy levels of RoE and RoCE, the stock has the lowest PE ratio when compared to its competitors. The company is engaged in the business of infrastructure and real estate. Keep a close eye on this scrip for the upcoming sessions.