Multibagger Penny Stock Under Rs 60 In Focus As Company Venturing into Renewable Energy with Maharashtra’s Green Energy Future and First-of-its-Kind Solar Park
The shares of the company saw a spurt in volume by more than 1.12 times on BSE.
On Monday, shares of Hazoor Multi Projects Ltd surged 2.12 per cent to Rs 57.80 per share from its previous closing of Rs 56.60 per share. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 28.41 per share. The shares of the company saw a spurt in volume by more than 1.12 times on BSE.
Hazoor Multi Projects Ltd. (HMPL) is pleased to announce its foray into the green energy revolution in India with the development of the Chhatrapati Shivaji Maharaj Saur Urja Park (CSMSUP), Maharashtra’s first solar park. This landmark initiative is being developed in collaboration with a leading multinational company from the United Kingdom and is poised to play a transformative role in the state’s renewable energy landscape.
The ambitious 1.2 GW capacity solar park will be located across 4,200 acres in Solapur district. Equipped with state-of-the-art technology, each solar panel at the park will feature an impressive 750-watt capacity, ensuring exceptional efficiency. The park will incorporate both fixed and tracking solar panels, with the tracking systems designed to follow the sun’s movement throughout the day to maximize energy generation.
Once operational, CSMSUP will make a substantial contribution to India’s renewable energy goals, aiding the country in its ambitious green energy transition while significantly reducing its carbon footprint. This initiative goes beyond environmental benefits, driving economic growth and generating new job opportunities in the Solapur region, reinforcing HMPL’s commitment to fostering sustainable development.
India’s achievements in the renewable energy sector have set an inspiring example for other emerging economies, proving that sustainable development can thrive alongside economic progress. As a symbol of India’s leadership in combating climate change, CSMSUP serves as an invitation to global businesses and investors to join this green revolution and contribute to building a low-carbon future, while supporting the growth of India’s renewable energy sector.
In addition to CSMSUP, HMPL is also planning solar hybrid projects in collaboration with international partners in two other states: Maharashtra (1,200 MW) and Andhra Pradesh (500 MW). These projects reinforce HMPL’s dedication to driving innovation and advancing sustainability in India’s renewable energy space.
Robert Moses, Director of Hazoor Multi Projects Ltd., commented on the project: “The development of Chhatrapati Shivaji Maharaj Saur Urja Park marks a significant milestone in HMPL’s journey in India. This project highlights our commitment to transforming India into a global leader in renewable energy. We are eager to expand our renewable power generation capacity and are excited to open more facilities across the country in the coming years.”
Earlier Updates: 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. Hazoor Multi Projects Limited (HMPL) is making significant strides. The company is merging with Square Port Shipyard Private Limited to leverage synergies and benefit stakeholders, subject to regulatory approvals. Furthermore, HMPL has secured two contracts from the National Highways Authority of India (NHAI) for user fee collection and maintenance services on specific highway sections, totalling approximately Rs 20.53 crore.
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About the Company
Hazoor Multi Projects Ltd. is a leading player in the Indian infrastructure sector, specializing 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 is dedicated to contributing to the nation’s growth by developing vital infrastructure that supports economic progress and enhances connectivity.
The company has a market cap of Rs 1,117 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 company's shares have a PE of 13x whereas the sectoral PE is 23x. The stock gave multibagger returns of 450 per cent in just 2 years and a whopping 1,800 per cent in 3 years. From Rs 0.15 to Rs 57.80 per share; the stock rocketed 38,433 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.