Multibagger penny stock under Rs 60: Company bags order worth Rs 7,91,00,000 from National Highways Authority of India
The stock gave multibagger returns of 410 per cent in just 2 years and a whopping 1,650 per cent in 3 years.
Hazoor Multi Projects Ltd (HMPL) has been awarded a Letter of Award (LOA) by the National Highways Authority of India (NHAI) to serve as the user fee collection agency for the Bijora Toll Plaza in Maharashtra. The project involves the four-laning of the Waranga to Mahagaon section of NH-361 and includes the maintenance of adjacent toilet blocks. The total value of the project is Rs 7.91 crore.
Earlier, the company received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for user fee collection at the Hulikunte Fee Plaza on the Dobaspet to Dodaballapur Bypass section of NH-648 in Karnataka. The project, valued at Rs 67.16 crore, involves collecting user fees for a 42 km stretch of the four-lane highway and maintaining adjacent toilet facilities, including restocking consumables. This one-year contract was awarded to HMPL through a competitive e-tendering process.
About the Company
Hazoor Multi Projects Ltd is a leading player in the Indian infrastructure sector, specialising in a diverse range of projects including road construction, bridges, flyovers, and other civil engineering works. With a strong commitment to quality, safety, and timely delivery, Hazoor Multi Projects has established a solid reputation for excellence in the industry. The company boasts a skilled workforce and a robust infrastructure, enabling it to undertake challenging projects of varying scales and complexities. Hazoor Multi Projects contributes to the nation’s growth by developing vital infrastructure that supports economic progress and enhances connectivity.
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The company has a market cap of Rs 1,028 crore. According to Quarterly Results, the net sales increased by 118 per cent to Rs 153.08 crore and net profit increased by 17 per cent to Rs 11.02 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales decreased by 59 per cent to Rs 225.16 crore and net profit decreased by 68 per cent to Rs 20.48 crore in H1FY25 compared to H2FY24.
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 12x whereas the sectoral PE is 22x. The stock gave multibagger returns of 410 per cent in just 2 years and a whopping 1,650 per cent in 3 years. From Rs 0.15 to Rs 51 per share; the stock rocketed 33,900 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.