Hazoor Multi Projects Limited Stock Price Set to Surge on ₹30 Crore Order Win: Here’s What You Need to Know

Multibagger small-cap stock Hazoor Multi Projects Limited (HMPL) is likely to be in the spotlight on Monday, September 2, after the company announced a new order worth ₹30 crore from B.G. Shirke Construction Technology Pvt Ltd on August 30.

In a recent announcement, HMPL said, “We are happy to inform that a work order has been given to M/s Hazoor Multi Projects Limited by B.G. Shirke Const. Tech. Pvt. Ltd. for excavation work at various sites including Pahadi Goregaon, Shirdhon, Khoni, Nawde, CPWD, Taloja, Thane, and Kanamwarnagar.”

On August 30, HMPL shares closed at ₹467.00 each, up by 4.99%, reaching their 52-week high on the Bombay Stock Exchange (BSE). The company’s market value now stands at ₹871.41 crore.

The new project involves excavation at multiple locations, and the company made the announcement in a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

HMPL Stock Performance:

The company’s recent news is expected to draw attention to its stock, which has performed exceptionally well in the Indian market. Over the last year, the stock price jumped from ₹125.75 to ₹467.00, marking a 271% increase. Over the past five years, the stock has soared from ₹1.65 to ₹467.00, reflecting an incredible 28,203% growth.

HMPL’s shares, traded only on the BSE, have seen a trading volume of around 1.28 lakh shares and are currently near their 52-week high of ₹454 per share, well above the 52-week low of ₹115 per share.

Moreover, HMPL has recently announced a stock split to improve liquidity. Subject to shareholder approval, the face value of the shares will be split from ₹10 each to ₹1 each. This move is expected to attract more interest in the stock in the coming weeks.