Multibagger Penny Stock Under Rs 50: Company Incorporates a New Subsidiary for the Execution of Power and Green Energy Business
The stock gave multibagger returns of 425 per cent in just 2 years and a whopping 1,530 per cent in 3 years.
Hazoor Multi Projects Ltd. has incorporated a wholly owned subsidiary, "HAZOOR NEW & RENEWABLE ENERGY PRIVATE LIMITED," with Corporate Identity Number U35105MH2025PTC442836. This subsidiary, with an authorized and subscribed capital of Rs. 1,00,000, is a related party transaction, as it is a wholly owned subsidiary of Hazoor Multi Projects Limited. The subsidiary is intended to focus on the design, research, manufacture, and sale of renewable energy solutions, including solar, wind, bioenergy, and other conventional and non-conventional energy sources.
The primary objective of "HAZOOR NEW & RENEWABLE ENERGY PRIVATE LIMITED" is to execute power and green energy business, aligning with sustainable practices. This includes developing and implementing energy distribution infrastructure, facilitating electricity sales, and promoting renewable energy adoption across various sectors. The subsidiary aims to establish strategic collaborations with multinational companies for technology transfer and global solutions, as well as manufacture and export renewable energy equipment.
The acquisition involved Hazoor Multi Projects Ltd. subscribing to 10,000 equity shares at Rs. 10 each, totalling Rs. 1,00,000, resulting in 100% shareholding. Incorporated on March 12, 2025, the subsidiary's operations will encompass a broad spectrum of energy-related activities, from waste treatment plants to smart grid development, with a focus on contributing to a cleaner, more sustainable energy future.
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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.
The company has a market cap of Rs 890 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 a net profit of Rs 64 crore
The stock is up over 50 per cent from its 52-week low of Rs 28.41 per share. The company's shares have a PE of 12x whereas the sectoral PE is 20x. The stock gave multibagger returns of 425 per cent in just 2 years and a whopping 1,530 per cent in 3 years. From Rs 0.15 to Rs 43.97 per share, the stock rocketed 29,213 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.