10:1 Stock Split Announced by This Multibagger Infra Company; Stock Hits Upper Circuit on Friday; FIIs Increased Stake in Q1 FY25
The company’s shares have delivered an impressive return of over 200 per cent to its shareholders in just 1 year.
Incorporated in 1992, Hazoor Multiprojects Ltd (HMPL) operates in real estate and road construction, specializing in infrastructure development as an EPC contracting company. The firm undertakes national highway road projects as a sub-contractor for entities such as Maharashtra State Road Development Corporation Ltd. and the National Highways Authority of India. HMPL is also exploring expansion into other infrastructure EPC sectors.
In its board meeting on July 26, 2024, HMPL's Board of Directors recommended a stock split, reducing the face value from Rs. 10 per share to Re. 1 per share, pending approval from the company's members. The record date for this share split will be announced in due course.
Hazoor Multiprojects Ltd shares are trading at around Rs 384.75 per share. The company’s current market capitalization stands at Rs 717.93 crore. The stock has delivered a return of around 215 per cent in the past 1 year.
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As per the annual performance, the company generated a revenue of Rs 545 crore in FY24. The operating profit for FY24 was Rs 84 crore with a net profit of Rs 64 crore. According to the latest shareholding pattern of Hazoor Multiprojects Ltd, promoters hold 21.08 per cent of the company's shares, while public investors hold 59.75 per cent. Foreign Institutional Investors (FIIs) own 19.18 per cent of the company, a notable increase from their previous stake of 10.92 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.