Hazoor Share Price 📈💰
Investors who have been adding small-cap shares to their portfolios in the recent bullish market will be reaping bumper profits. Today, we are going to discuss a penny stock that has the potential to turn investors into crorepatis (millionaires) if they had invested just one rupee five years ago.
Hazoor Multi Projects Limited, a company associated with the infrastructure sector, has been consistently rising in the listed small-cap shares. The share price of the company has been hitting upper circuits and continues to trend upwards.
In the bullish market on Tuesday, the BSE Sensex was trading at 72,121 with a gain of 390 points, while the Nifty was trading at 21,899 with a gain of 21,899 points. During this time, the share price of Hazoor Multi Projects increased by 5% to reach ₹379.79, which was ₹18 higher.
Interestingly, in the past five days, infrastructure shares have seen a growth of nearly 14%, while the stock has gained over 205% in the past six months. Furthermore, just six months ago, on August 7, 2023, the share price of the company was only ₹126.10, meaning it has tripled in the past six months.
Return on investment in Hazoor Multi Projects has been phenomenal. In the past year, the stock has given a return of nearly 260%, while in three years it has given a return of 13,500%, and in five years, a staggering return of 32,650%. This means that a ₹100,000 investment in the stock three years ago would now be worth ₹1.35 crore, and in five years, it would be worth ₹3.53 crore.
Additionally, as per the information available on the BSE website, Hazoor Multi Projects’ shares have been consistently hitting upper circuits since January 31, 2024, with a 5% upper circuit. The stock has been continuously hitting upper circuits since touching the 5% upper circuit on January 31, after breaking the 5% lower circuit.
What does the company do?
Hazoor Multi Projects Limited, with a market cap of approximately ₹709 crore, operates in southern India, including Maharashtra, and is a leading infrastructure company. Recently, foreign investors purchased 3.8 million shares of Hazoor Multi Projects Limited. During the board meeting of the company’s directors on Wednesday, a preferential offer of ₹97.90 crore was approved for the sale of shares to foreign investors through a preferential issue.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
