19,980% Returns In 5 Yrs: Multibagger Stock Hits 5% Upper Circuit; Here’s Why

With a market valuation of Rs 215 Cr, Hazoor Multi Projects is a small-cap company in the construction industry. An Indian firm Hazoor Multi Projects Limited is in the real estate and infrastructure sectors. The shares of this multibagger firm were spotted locking at the 5% upper circuit on Tuesday, at Rs 222.85 apiece, which is also its fresh 52-week-high level.

One of Dalal Street's multibagger stocks, Hazoor Multi Projects, has gained 192% year to date.

On November 23, Hazoor Multi Projects said that it had secured orders totalling Rs 1,130 crore to renovate and enhance a section of NH-66 in Ratnagiri.

"We are pleased to inform that through endorsement agreement, work has been endorsed to M/s Hazoor Infra Projects Private Limited (A wholly owned Subsidiary Company & "New Concessionaire") received from Arawali Kante Multi Projects Private Limited (" Substituted Concessionaire") and authorized by The Ministry of Road Transport & Highways ("Authority") for Rehabilitation and up-gradation of NH-66 (old NH-17) from Km.241/300 to Km. 281/300 (Arawali to Kante section) to four lanes in the State of Maharashtra under NHDP-IV on Hybrid Annuity mode in Ratnagiri district," the company said in a regulatory filing.

The project is estimated to be worth around Rs 1,129.81 crore, including Rs 143 crore for operation and maintenance expenditures, Rs 523 crore for annuities, and Rs 463 crore for interest on annuities.

The Board of Directors of the company is scheduled to be held on Wednesday 6th December 2023 to discuss and consider fund raising proposal by way of issue of securities, convertible instruments, or any other method or combination thereof through permissible modes, for cash or otherwise, and to appoint requisite intermediaries required for this purpose, as per a regulatory filing dated 1st December.

The shares of Hazoor Multi Projects have produced a multibagger return of 8,991.04% in three years and 19,976.58% in five years. The stock has returned 173.50% on a multibagger basis during the last year, while the scrip has gained 206.24% year to date (2023).