President of India bought 18,15,000 shares & FIIs increase stake: Multibagger penny stock in green after bagging order worth Rs 67.16 crore from NHAI
The stock gave multibagger returns of 415 per cent in just 2 years and a whopping 1,725 per cent in 3 years.
On Tuesday, shares of Hazoor Multi Projects Ltd surged 2.1 per cent to Rs 53.65 per share from its previous closing of Rs 52.55 per share. The stock is up by 89 per cent from its 52-week low of Rs 28.41 per share.
Hazoor Multi Projects Ltd. (HMPL) has announced the receipt of 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.
Earlier, the company announced that it is aggressively expanding its presence in the renewable energy sector. Following its entry into the market with the 1.2 GW Chhatrapati Shivaji Maharaj Saur Urja Park in Maharashtra, HMPL has now received support from NREDCAP for its proposed 500 MW solar park in Andhra Pradesh. This Rs. 2,500 crore project, spread across 2,000 acres in Prakasam District, has been acknowledged by NREDCAP, the State Nodal Agency, which has pledged assistance in facilitating its implementation. This includes support with grid connectivity, power evacuation, and land acquisition. With this project, HMPL aims to significantly contribute to Andhra Pradesh's clean energy targets and further solidify its commitment to advancing renewable energy in India.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
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.
The company has a market cap of Rs 1,110 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 13x whereas the sectoral PE is 23x. The stock gave multibagger returns of 415 per cent in just 2 years and a whopping 1,725 per cent in 3 years. From Rs 0.15 to Rs 53.65 per share; the stock rocketed 35,000 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.