Rs 1.50 To Rs 495 In 5 Years: Realty Stock Hits 52W-High Touching 5% Upper Circuit On Securing Major Contracts

Hazoor Multi Projects Ltd, a prominent player in infrastructure development, saw its shares locked in a 5% upper circuit today, reaching Rs 495.10 per share from its previous close of Rs 471.55. This surge led to a new 52-week high of Rs 495.15 per share, marking a significant milestone for the company. Over the past year, the stock has delivered multibagger returns, soaring from Rs 126.45 to Rs 495.10, representing a remarkable gain of over 300%. Over a longer horizon, the stock has provided an astounding 33,000% return over the last five years and an impressive 3,030% gain in just three years.

In August 2024, Hazoor Multi Projects Ltd secured several new contracts, further enhancing its project portfolio. The company was awarded a work order from B.G. Shirke Construction Technology Pvt Ltd, involving excavation at various sites, including Pahadi Goregaon-1473, Shirdhon-III, Khoni-1374, Nawde-1449, CPWD-1447, Taloja-1415/16, Thane-1453, and Kanamwarnagar-1180. The total value of this project is Rs 30 crore plus applicable taxes.

Additionally, the company received a significant work order from Welspun Enterprises Limited for stacking and dewatering works, valued at Rs 40 crore plus applicable taxes. These contracts demonstrate Hazoor Multi Projects' growing reputation as a trusted partner in large-scale infrastructure projects.

In a further boost to its project pipeline, Hazoor Multi Projects Ltd emerged as the lowest bidder (L-1) for a major contract awarded by the Maharashtra State Infrastructure Development Corporation (MSIDC). The project, which involves the widening and improvement of the Paldhi Amalner Dondaicha Nandurbar Dhanora to Gujarat State Border Road (SH-6) on an EPC basis, is valued at Rs 273.74 crore plus applicable GST. The project will be executed domestically over 2.5 years, with no related party transactions or conflicts of interest involved.

In July 2024, the Board of Directors of Hazoor Multi Projects Ltd announced a stock split in the ratio of 10:1. This means that each equity share with a face value of Rs 10 will be subdivided into 10 equity shares of Re 1 each. The record date for the stock split is yet to be determined. This move is expected to enhance liquidity and make the stock more accessible to a broader base of investors.

In addition, the Board declared the first interim dividend of Rs 2 per fully paid-up equity share, having a face value of Rs 10 each, for the financial year 2024-25. The record date for this dividend is set for August 28, 2024, reflecting the company's commitment to rewarding its shareholders.

Founded in 1992, Hazoor Multi Projects Ltd has transitioned from a residential construction firm to an infrastructure development company. The company primarily operates as a subcontractor on national highway projects for government agencies, including the Maharashtra State Road Development Corporation and the National Highways Authority of India. Hazoor Multi Projects has also expanded into the EPC (Engineering, Procurement, and Construction) contracting business, further diversifying its revenue streams.