2,200 per cent returns in this multibagger stock: Micro-Cap Stock surges to upper circuit, hits 52-week high on June 02!
The stock gave multibagger returns of 548 per cent in just 1 year and over 2,200 per cent in 2 years with a PE of 5.33x and a ROE of 114.18 per cent.
On Friday, the benchmark ended the day in the green. BSE Sensex Index was up by 0.19 per cent to a level of 62,547.11 and NSE Nifty-50 Index was up by 0.25 per cent to a level of 18,534.
Shares of Hazoor Multi Projects Ltd, a leading construction company in India zoomed 5 per cent upper circuit to Rs 16.36 per share. The stock also traded at a new 52-week high of Rs 161.35 per share.
Recently, the company received a COS work order from Gayatri Projects Ltd for the execution of change of scope work in Maharashtra on an EPC basis for Rs 215.50 crore.
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Hazoor Multi Projects Ltd, a leading construction company in India announced its Quarterly Results and annual results for the year ended March 31, 2023.
According to the financials, Hazoor Multi Projects has a market cap of Rs 247.84 crore with a 3-year CAGR of 413 per cent. The net sales increased by 117.87 per cent and the net profit skyrocketed by 699.67 per cent in Q4FY23 over Q4FY22. The net sales increased by 589.34 per cent and the net profit skyrocketed by 1,735.68 per cent in FY23 over FY22.Hazzomnr
Hazoor Multi Projects Ltd. operates in the media, power and real estate development business. The shares of the company have a PE of 5.33x whereas the sectoral PE is 30x with an ROE of 114.18 per cent. In FY 2022-2023, the company has announced a rights issue with a record date of January 01, 2023.
The stock gave multibagger returns of 548 per cent in just 1 year and over 2,200 per cent in 2 years. Investors should keep an eye on this micro-cap stock.