10:1 Stock Split: November 07 Record Date; Buy Realty Stock?

Hazoor Multi Projects Limited is a top EPC contracting business in India and abroad that provides EPC infrastructure services to all major clients in the public and private sectors. The nation's highway building program has a highly happy clientele for the corporation. Since the Board of Directors has set a record date for the 10:1 stock split, market observers are expected to be drawn to Hazoor Multi Projects shares in the near future.

Hazoor Multi Projects Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, we wish to inform you that the Board of Directors of the Company has fixed Thursday, November 07, 2024 as the Record Date for Determining the eligibility of Shareholders with regard to the Company for sub-division/split of 1 (one) Equity Shares of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares having face value of Re. 1/- (Rupee One) each as approved by the shareholder's in the 32nd Annual General Meeting held on August 27, 2024," said Hazoor Multi Projects in a stock exchange filing.

Hazoor Multi Projects Financials

In the June 2024 quarter, the company's net sales were Rs. 34.16 crore, which is a 78.97% drop from the June 2023 quarter's Rs. 162.40 crore. In Q1FY25, the company's net profit was Rs. 0.08 crore, a 99.61% drop from Rs. 20.34 crore in Q1FY24. EBITDA decreased by 98.18% from Rs. 27.51 crore in the quarter ended in June 2023 to Rs. 0.50 crore in June 2024.

Hazoor Multi Projects Share Price Target

"Hazoor Multi Projects stock price is bullish on the Daily charts with strong support at 520. A Daily close above resistance of 540 could lead to a target of 565 in the near term," recommended A R Ramachandran, Independent Research Analyst.

Disclaimer

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