Multibagger penny stock under Rs 50 jumps after bagging order worth Rs 102.10 crore from Venkatesh Infra Projects Pvt Ltd
The stock is up by 58 per cent from its 52-week low of Rs 28.41 per share.
On Monday, shares of Hazoor Multi Projects Ltd jumped 5.04 per cent to Rs 44.85 per share from its previous closing of Rs 42.70 per share. The stock is up by 58 per cent from its 52-week low of Rs 28.41 per share.
Hazoor Multi Projects Ltd has been awarded a significant work order from Venkatesh Infra Projects Pvt Ltd. for reinforcement steel cutting, bending, and fixing as per technical drawings, as well as the fabrication of structural steel for bridge construction at the Versova Bandra Sea Link Project Site in Mumbai. This domestic contract, valued at Rs 102.10 crore, encompasses providing, cutting, bending, and fixing reinforcement steel of various diameters (with binding wire to be supplied by Hazoor) and providing, cutting, bending, drilling, welding, and finishing fabricated structural steel according to design and drawings. The project is scheduled for completion within six months.
About the Company
Hazoor Multi Projects Ltd is a leading Indian company that builds roads, bridges, and other civil engineering projects. They focus on good quality, safety, and finishing projects on time. They're known for doing excellent work. They have skilled workers and the right equipment to handle big and complex projects. Hazoor Multi Projects helps India grow by building important infrastructure that boosts the economy and makes travel easier.
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The company has a market cap of Rs 915 crore. The company reported net sales of Rs 164.87 crore and a net profit of Rs 2.72 crore in its Quarterly Results (Q3FY25) while in its nine-month results (9MFY25), the company reported net sales of Rs 391.21 crore and a net profit of Rs 23.20 crore. Looking at its annual results (FY24), the company reported net sales of Rs 545 crore and net profit of Rs 64 crore
The President of India took a fresh entry and bought 18,15,000 shares or 0.91 per cent while FIIs increased their stake to 19.94 per cent in December 2024 compared to September 2024. The company's ex-traded stock shares split in the ratio 10:1 i.e., sub-division of equity shares of Rs 10 face value, 10 equity shares of face value of Re 1 each on Thursday, November 07, 2024. The company's shares have a PE of 11x whereas the sectoral PE is 21x. The stock gave multibagger returns of 370 per cent in just 2 years and a whopping 1,580 per cent in 3 years. From Rs 0.15 to Rs 44.85 per share; the stock rocketed 29,800 per cent in 5 years. Investors should keep an eye on this penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.