Upcoming Stock Split: 25,500% Gains, ROE 42.6%, Penny Stock Below Rs 370, To Consider Sub-Division On July 26

Residential projects company with a penny stock status, Hazoor Multi Projects will be in focus on Friday, July 26, as the stock price will consider the stock split ratio. This will be the company's third stock split if approved. Hazoor Multi Projects is a multi-bagger with gains of over 25,500% in 5 years.

Hazoor Multi Projects Share Price:

Ahead of the stock split consideration, Hazoor Multi share price ended at Rs 366.45 apiece, up by 1.5% on BSE with a market cap of Rs 683.78 crore. The stock couple of rupees away from hitting its 520-week high of Rs 454 apiece. While the stock is up by 233% from its 52-week low of Rs 110 apiece,

Hazoor Multi has a low PE ratio of 11.14x and a strong return on equity of 42.58%. In a year, the stock zoomed by nearly 198%. In 5 years, the stock advanced by 25,525.87% on BSE.

The stock was merely at Rs 1.43 on July 26 2019, which is 5 years ago.

Hazoor Multi Projects Board Meeting:

In its regulatory filing, Hazoor said, "we wish to inform you that meeting of Board of Directors of the Company is scheduled to be held on Friday, 26th July,"

During the meeting, some of the developments and plans will be discussed by the board:

- To recommend the re-appointment of VMRS & Co., Chartered Accountants as a Statutory Auditor of the Company.

- To recommend the reappointment of Mr Harsh Harish Sharma as an Independent Director of the Company w.e. from 30 July 2025 for a second term of five years.

- To consider addition/alteration/modification in the object clause of the Memorandum of Association of the Company.

- To consider the sub-division/split of the Equity shares of the Company.

- To approve the alteration in Capital Clause V of the Memorandum of Association of the Company.

- To consider and approve the Directors Report for the year ended March 31, 2024.

- To fix the date, time and venue of the 32.4 Annual General Meeting of the Company and approve the draft notice of AGM.

Hazoor Multi Projects Stock Split:

On July 26, the company's board will consider its third stock split ratio. Earlier, Hazoor Multi turned stock split in January 2021, when its face value jumped from Rs 4 to Rs 10. Further, in March 2004, the stock split also rose to Rs 4 from earlier Rs 2.

Hazoor Multi Projects Bonus Issue:

However, the stock has only carried on bonus issue in the ratio of 1:1 in December 2006.

Hazoor Multi Projects:

Since August 2003, the company has delivered up to 7 dividends, In last 12 months, the company dividends up to Rs 3 per share, while its dividend yield is at 0.82%.