Latest news with #HMPL
Mint
6 days ago
- Business
- Mint
33,500% rally in five years! Multibagger small-cap stock under ₹50 edges higher; here's why
Multibagger small-cap stock: Shares of Hazoor Multi Projects rose on Wednesday's trading session after the company issued 5,27,500 equity shares to two investors, Shilpaben Maheshkumar Shah and Ruturaj Bhalchandra Thakare, through a preferential allotment. These shares, each with a nominal value of Re 1 and an issue price of ₹ 30 (which includes a premium of ₹ 29), were issued following the conversion of 52,750 warrants. These warrants were originally allotted at ₹ 300 each, with 25% paid in advance, allowing the holders to convert them into an equivalent number of equity shares by paying the remaining 75% within 18 months. This conversion, which occurred after a subdivision of the company's equity shares, has boosted HMPL's issued and paid-up capital to ₹ 22,49,61,410, comprising 22,49,61,410 equity shares of Re 1 each, which hold the same rights as the existing shares. There remain 87,99,700 warrants still available for conversion. The Board of Directors of Hazoor Multi Projects Limited (HMPL) has recently sanctioned a major expansion of the company's primary business goals. This strategic decision, evident through new sub-clauses in their Memorandum of Association, enables HMPL to branch out into areas such as Shipbuilding and Engineering, Ship Repair and Maintenance, Maritime Industry, Shipping Logistics and Transport, Mining and Quarrying, Oil and Gas, Environmental Engineering and Sustainability, as well as Hospitality, Lodging, Food and Beverage Services, and Related Travel and Tourism. This expansion enhances HMPL's opportunities for generating revenue. Additionally, HMPL has obtained a one-year, ₹ 22.995 crore contract from the National Highways Authority of India for the collection of user fees and maintenance services at the Shrishikalan Fee Plaza in Uttar Pradesh. Hazoor Multi Projects Ltd is a prominent Indian firm specializing in the construction of roads, bridges, and various civil engineering undertakings. Hazoor Multi Projects share price today opened at ₹ 40.34 apiece on the BSE, the stock touched an intraday high of ₹ 40.50 apiece, and an intraday low of ₹ 39.80 per share. In the last week, the stock decreased by 0.45%. It has dropped by 13.49% over the last three months and increased by 9.99% over the past year.
Mint
6 days ago
- Business
- Mint
33,500% rally in five years! Multibagger small-cap stock under ₹50 edges higher; here's why
Multibagger small-cap stock: Shares of Hazoor Multi Projects rose on Wednesday's trading session after the company issued 5,27,500 equity shares to two investors, Shilpaben Maheshkumar Shah and Ruturaj Bhalchandra Thakare, through a preferential allotment. These shares, each with a nominal value of Re 1 and an issue price of ₹ 30 (which includes a premium of ₹ 29), were issued following the conversion of 52,750 warrants. These warrants were originally allotted at ₹ 300 each, with 25% paid in advance, allowing the holders to convert them into an equivalent number of equity shares by paying the remaining 75% within 18 months. This conversion, which occurred after a subdivision of the company's equity shares, has boosted HMPL's issued and paid-up capital to ₹ 22,49,61,410, comprising 22,49,61,410 equity shares of Re 1 each, which hold the same rights as the existing shares. There remain 87,99,700 warrants still available for conversion. The Board of Directors of Hazoor Multi Projects Limited (HMPL) has recently sanctioned a major expansion of the company's primary business goals. This strategic decision, evident through new sub-clauses in their Memorandum of Association, enables HMPL to branch out into areas such as Shipbuilding and Engineering, Ship Repair and Maintenance, Maritime Industry, Shipping Logistics and Transport, Mining and Quarrying, Oil and Gas, Environmental Engineering and Sustainability, as well as Hospitality, Lodging, Food and Beverage Services, and Related Travel and Tourism. This expansion enhances HMPL's opportunities for generating revenue. Additionally, HMPL has obtained a one-year, ₹ 22.995 crore contract from the National Highways Authority of India for the collection of user fees and maintenance services at the Shrishikalan Fee Plaza in Uttar Pradesh. Hazoor Multi Projects Ltd is a prominent Indian firm specializing in the construction of roads, bridges, and various civil engineering undertakings. Hazoor Multi Projects share price today opened at ₹ 40.34 apiece on the BSE, the stock touched an intraday high of ₹ 40.50 apiece, and an intraday low of ₹ 39.80 per share. In the last week, the stock decreased by 0.45%. It has dropped by 13.49% over the last three months and increased by 9.99% over the past year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
17-06-2025
- Business
- India.com
This company's stock gains as it shares expansion plan
शेयर बाजार भी पाकिस्तान से कई गुना बड़ा Shares of Hazoor Multi Projects Ltd, a resilient infra-to-energy player, defied the weak trends on Dalal Street on Tuesday, June 17, 2025. The share opened the session at Rs 40.99 on the BSE, a slight increase from the previous close of 40.59, marking a gain of nearly 1 per cent. The positive momentum continued, with the stock reaching an intraday high of Rs 41.49. This upward trend is particularly noteworthy as it follows six consecutive days of decline. At the time of the last update, the stock was trading at Rs 40.80, showing a gain of 0.52 per cent from the previous close. The stock is currently trading below the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The 52-week high of the stock is Rs 63.90, and the 52-week low is Rs 32. The market cap of the company is Rs 874.80 crore. HMPL Shares Several Business Updates Hazoor Multi Projects Ltd has informed the exchanges that its board has approved significant business plans. According to the exchange filing, the board has given the green light for the company to expand its operations into new sectors, including Shipbuilding and Engineering, Shipping Logistics, Oil and Gas Industry, Lodging, Food, and Related Travel and Tourism Services. Share Price History According to BSE Analytics, Hazoor Multi Projects Ltd has shown impressive growth, with a 176 per cent increase in two years and a staggering 1,225 per cent increase in three years. While the stock has corrected by 23 per cent this year, these long-term growth figures are a testament to the company's potential for future success. Wins Projects From NHAI Hazoor Multi Projects Ltd has successfully secured an order worth Rs 23 crore from the National Highways Authority of India (NHAI). The project has been secured through e-tender process. 'Letter of Award (LOA) has been received from NHAI for acting as user fee collection agency at Shrishikalan Fee Plaza at km 193 for rehabilitation and upgradation from km 178.00 to km 215.00 (Kabarai-Banda Section) of NH-76 to 2 lane with paved shoulder on EPC mode in the state of Uttar Pradesh,' the company said in a filing. HMPL Dividend The company has said in an exchange filing that its board has recommended paying a dividend of Rs 0.20 per equity share with a face value of Rs 0.20 per share with a face value of Re 1 each. With PTI Inputs
