The shares of this fast-growing infrastructure company gained up to 5 percent after the company received two new work orders from two domestic clients worth Rs 70 crore.
Hazoor Multi Projects Ltd has a market capitalization of Rs 899.30 crore, the shares were trading at Rs 481.50 per share, increasing around 3.10 percent as compared to the previous closing price of Rs 467.00 apiece.
Reason for Rise:-
Today the shares of the company have seen a positive movement after Hazoor Multi Projects Ltd received two new work orders from two domestic clients worth Rs 70 crore. First, the company received an order from B.G. Shirke Const. Tech. Pvt. Ltd. for Excavation of various sites worth Rs 30 crore.
Moreover, the second order received from Welspun Enterprises Limited for Stacking and Dewatering works which is valued at Rs 40 crore.
Also read: Alcohol stock jumps 30% in 2 days after mutual fund bought 2 Lakh shares in the company
Financial Performance and Revenue Split:-
Looking forward to the company’s financial performance, revenue decreased by 84 percent from Rs 463.93 crore in Q4FY24 to Rs 70.26 crore in Q1FY25. During the same period, net profit plummeted by 82 percent from Rs 53.94 crore to Rs 9.46 crore.
Remarkable Return:-
The company has given a return of 23.59 percent in six months and a multi-bagger return of 283.08 percent in a year. If an individual investment of Rs. 1 lakh in the company would be worth Rs. 3.83 lakh in a year.
Ongoing projects:-
HMPL undertook two key infrastructure projects: the construction of a 29.93 km section of the Samruddhi Mahamarg 6-lane expressway in Maharashtra and the rehabilitation and upgrade of a 40.68 km section of NH-548A (Wakan-Pali-Khopoli) to 2-lane with paved shoulders or 4-lane standards, both on an EPC basis.
Also read: 3 PSU stocks jump 5% after they receive Navartna status; Do you own any?
Company profile:-
Hazoor Multi Projects Limited is an India-based company that specializes in infrastructure and real estate. Samruddhi Mahamarg is one of the company’s ongoing projects, as is the rehabilitation and upgrading of Wakan-Pali-Khopoli.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
