Upper circuit alert: This multibagger micro-cap company bags a new order worth Rs 352.80 crore; with Rs 1,500 crore order book!

The shares of the company have gained more than 300 per cent in the last one year.

Hazoor Multi Projects Limited informed in the exchange filing that the company has received work commencement approval for a work order for earthwork & subgrade & notification to commencement of work from Apco Infratech Pvt Ltd for the construction of the Eight Lane access-controlled Expressway from Shirsad to Akoli section- Spur of Vadodara Mumbai Expressway Project in the state of Maharashtra on EPC mode under Bharatmala Pariyojana. The estimated value of the awarded project is Rs 352.80 crores. The stock was locked in upper circuit today.

Hazoor Multi Projects Limited (HMPL) incorporated in the year 1992 is a Mumbai-based public limited company which got listed on the Bombay Stock Exchange (BSE) in the year 2002,.

The company is engaged in the business of infrastructural development and works as a sub-contractor in executing various national highway road projects awarded by government authorities such as Maharashtra State Road Development Corporation Ltd. (MSRDC) and National Highways Authority of India (NHAI). The company has an unexecuted order book of more than Rs.1500 crore.

Today, the stock opened at Rs 134.00, with a high and low of Rs 143.75 and Rs 134.00. The stock previously closed at Rs 136.95. The stock is currently trading at Rs 142.75, up by 4.24 per cent. The stock has given multibagger returns of over 300 per cent in the last one year and investors should keep a close eye on this stock.