President of India & DIIs took a fresh entry: Multibagger penny stock under Rs 50 jumps over 10 per cent today; Do you own it?
The stock is up by 62 per cent from its 52-week low of Rs 28.41 per share.
On Tuesday, shares of Hazoor Multi Projects Ltd surged 11.41 per cent to Rs 46 per share from its previous closing of Rs 41.29 per share. The stock is up by 62 per cent from its 52-week low of Rs 28.41 per share.
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 920 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 net profit of Rs 64 crore
The company has recently secured two significant user fee collection contracts from the National Highways Authority of India (NHAI). The first project, valued at Rs 7.91 crore, involves the Bijora Toll Plaza in Maharashtra, where HMPL will manage fee collection and maintain adjacent toilet blocks along the four-laned Waranga to Mahagaon section of NH-361. The second contract, a one-year agreement worth Rs 67.16 crore, was awarded through a competitive e-tendering process. For this project, HMPL will oversee user fee collection at the Hulikunte Fee Plaza on the Dobaspet to Dodaballapur Bypass section of NH-648 in Karnataka. This includes managing fees for a 42 km stretch of four-lane highway and maintaining toilet facilities, including restocking consumables.
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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 11x whereas the sectoral PE is 21x. The stock gave multibagger returns of 355 per cent in just 2 years and a whopping 1,550 per cent in 3 years. From Rs 0.15 to Rs 46 per share; the stock rocketed over 30,000 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.