Stock Market News: Hazoor Multi Projects Shares Locked in 5% Upper Circuit : Hazoor Multi Projects Shares Up 5% in Upper Circuit

By | December 4, 2023
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Hazoor Multi Projects shares were locked at a 10 percent upper circuit as the stock price jumped 5 percent to hit Rs 212.25 on the BSE. The company has also received orders worth Rs 1,130 crore. This comes after the company reported a 45.8 percent rise in its September quarter net profit.

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: A Multibagger Stock with Impressive Returns

Hazoor Multi Projects, a company in the stock market, has been making waves with its impressive performance and multibagger returns. In the last year alone, the stock has given investors a return of over 1,000 percent, making it a highly sought-after investment option. Over the past three years, the counter has made investors wealthier by a staggering 8,634.57 percent.

The stock price of Hazoor Multi Projects witnessed a significant surge today, as it hit the 10 percent upper circuit. Opening the market at Rs 212.25, the stock jumped 5 percent, continuing its winning streak for the seventh consecutive day. In this period, the stock has risen by 54.25 percent, making it a lucrative investment for many.

One of the factors contributing to the stock’s success is the recent announcement of orders worth Rs 1,130 crore. The company has received these orders from Arawali Kante Multi Projects Private Limited, which has been authorized by The Ministry of Road Transport & Highways. The orders are for the rehabilitation and up-gradation of NH-66 (old NH-17) in the Ratnagiri district of Maharashtra. The project is valued at approximately Rs. 1,129.81 crores.

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The strong financial performance of Hazoor Multi Projects is another reason behind its success. In the September quarter, the company reported a 45.8 percent rise in net profit, amounting to Rs 13.79 crore. This growth highlights the company’s ability to generate consistent profits and attract investors.

Investors are optimistic about the future prospects of Hazoor Multi Projects, considering its impressive track record and recent orders. The stock has consistently outperformed the market, offering substantial returns to its shareholders.

It is important to note that investing in the stock market involves risks and uncertainties. Past performance is not indicative of future results, and investors should carefully consider their investment objectives and risk tolerance before making any investment decisions. Conducting thorough research and seeking advice from financial professionals are recommended steps for potential investors.

In conclusion, Hazoor Multi Projects is a noteworthy stock in the market, delivering multibagger returns to its investors. With a remarkable track record and recent orders worth Rs 1,130 crore, the company has attracted significant attention from investors. However, it is crucial to exercise caution and conduct thorough research before making any investment decisions in the stock market..

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      9. What is the significance of the order worth Rs 1,130 crore mentioned in the article?
      The order worth Rs 1,130 crore refers to the projects received by Hazoor Multi Projects for the rehabilitation and upgradation of NH-66 in Maharashtra. It highlights the company’s business activity and potential growth.

      10. What is the significance of the 10 percent upper circuit mentioned for Hazoor Multi Projects?
      The 10 percent upper circuit refers to the maximum limit by which the share price of Hazoor Multi Projects can increase in a trading session. It indicates an increase in demand and positive market sentiment towards the company’s shares.

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