24,000% Gain In 5 Yrs: FIIs Darling Infra Stock Hit Upper Circuit For 12th Consecutive Session

On Monday, Hazoor Multi Projects' shares got stuck in a 5% upper circuit at Rs 270.70 per share. For the twelfth session in a row, the counter has also hit the upper circuit limit. Since November 23rd, the stock has been hitting the upper circuit limit from the Rs 138 level; hence, in just 12 sessions, the scrip has gained 96.15%. The company's board had earlier on December 6 authorised funds for the preferential issuing of shares in the amount of Rs 97.90 crore.

Hazoor Multi Projects News

To raise money totalling up to Rs. 97,90,00,000, the company informed stock exchanges that by issuing, producing, and allocating up to 55,00,000 equity shares, each with a face value of Rs. 10, to individuals who fall under the "Non-Promoter, Public Category" the fundraising proposal has been finalized.

The board of directors of Hazoor Multi Projects has given Amicorp Capital (Mauritius) Limited, a foreign institutional investor (FII) with headquarters in Mauritius, 20,00,000 company shares, according to the firm's latest exchange filing. The FIIs located in Mauritius had submitted an application for the company's preferred offer. Additionally, the company has granted preferential issue shares to Vespera Fund Limited (5,50,000 shares), Aries Opportunities Fund Limited (5,00,000 shares), Elara India Opportunities Fund (FPI/FII), and Kiftar IN LLC (FPI/FII) (2,50,000 shares).

Hazoor Multi Projects Financials

After reporting net sales of Rs. 189.34 crore in the September 2022 quarter, the firm recorded net sales of Rs. 112.25 crore in the September 2023 quarter, a 40.72% decrease. Its net profit jumped by 45.81% from Rs. 9.46 crore in Q2FY23 to Rs. 13.79 crore in Q2FY24. EBITDA jumped by 42.76% to Rs. 18.63 crore in the current fiscal year's second quarter from Rs. 13.05 crore during the same period in FY23.

Hazoor Multi Projects Share Price History

The stock price went up from Rs 1.09 to the current market price of Rs 270.70 during the past five years, marking an all-time high of 24,734.86%. The stock price climbed from Rs 2,84 to the present market price during the previous three years, resulting in a multibagger return of 9,075%. The stock price jumped from Rs 80.89 to the current market price in 1 year, recording a multibagger return of 234.65%. Year-to-date (YTD) gains from Rs 72.77 to the current market price in 2023 have resulted in a multibagger return of 272%.