33,500 per cent returns & FIIs bought 18,00,000 shares: Watch out for this multibagger civil construction stock that was locked in upper circuit on February 06

The shares of the company have a PE of 9x whereas the sectoral PE is 20x with an ROE of 85.9 per cent & an ROCE of 83.8 per cent.

Indian markets soared today, with key indices ending sharply higher in green territory. The Sensex climbed 0.55 per cent at 72,125, while the Nifty-50 jumped 0.58 per cent at 21,897.  

In this bullish wave, Hazoor Multi Projects Ltd stood out and was locked in a 5 per cent upper circuit to Rs 379.70 per share from its previous closing of Rs 361.55. The stock’s 52-week high is 393 and its 52-week low is Rs 78.01.

Hazoor Multi Projects Ltd announced that its board approved the allotment of 3.5 crore equity shares for Rs 62.3 crore at Rs 178 per share (including a Rs 168 premium) to non-promoter, public category investors on February 1, 2024. These shares have a face value of Rs 10 each.

In the allotment, Foreign Institutional Investors (FIIs) (Vespera Fund Limited, Aries Opportunities Fund Limited, Elara India Opportunities Fund and Kiftar IN LLC) were allotted 1.8 crore shares, Body Corporates (Bhavya Tradex Private Limited, Suniyojit Merchants Private Limited and Authum Investment & Infrastructure Limited) were allotted 72.5 lakh shares and the remaining 97.5 lakh shares were allotted to individual investors.

Earlier, Hazoor Infra Projects Private Limited, a subsidiary of Arawali Kante Multi Projects Private Limited, for the rehabilitation and upgradation of NH-66 in Maharashtra under the government's NHDP-IV program. This project, valued at approximately Rs 1,130 crore, will see the four-lining of the Arawali to Kante section of the highway. The concessionaire will receive a combination of upfront payments, annuities with interest, and reimbursements for operation and maintenance costs to finance the project. This initiative will significantly improve connectivity and boost economic activity in the region.

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 575 crore with a 3-year CAGR of 400 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. Hazzomnr

The shares of the company have a PE of 9x whereas the sectoral PE is 20x with an ROE of 85.9 per cent & an ROCE of 83.8 per cent. The stock gave multibagger returns of 267 per cent in just 1 year, 11,068 per cent in 3 years and a whopping 33,500 per cent 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.