27301.96% Up In 3 Yrs! Construction Stock Gets Work Commencement Approval For Expressway Project

Hazoor Multi Projects Ltd, today, June 22, 2023, received work commencement approval-work order for Earthwork & Subgrade & Notification to commencement of work reg from Apco Infratech Pvt. Ltd. for construction of Eight Lane access controlled Expressway from km 3.00 to km 20.200 i.e. Shirsad to Akoli section - Spur of Vadodara Mumbai Expressway Project in Maharashtra on EPC mode under Bharatmala Pariyojana. The estimated value of the project is Rs. 352.80 crores.

Shirsad to Akoli section- Spur of Vadodara Mumbai Expressway Project

In an exchange filing to BSE, the company said, "In accordance with the Regulation 30 of the Securities and Exchange Board of India ( Listing Obligation and Disclosure Requirements) Regulation,2015 we are pleased to inform that we have received work commencement approval-work order for Earthwork & Subgrade & Notification to commencement of work reg from Apco Infratech Pvt Ltd for construction of Eight Lane access -controlled Expressway from km 3.00 to km20.200 (Shirsad to Akoli section- Spur of Vadodara Mumbai Expressway Project) in the state of Maharashtra on EPC mode under Bharatmala Pariyojana. The estimated value of awarded project is Rs. 352.80 crores."

Hazoor Multi Projects - stock Movement

The stock closed 4.97% higher at Rs 146.70 apiece on Thursday. The stock traded the 52 week high on 5 June 2023 at Rs. 164.40 apiece, and 52 week low on 24 June 2022 at Rs. 28.33 apiece, respectively.
It jumped 3.24% in the past 1 week and 26.97% in 1 month, respectively. It gave 333.38% multibagger return in 1 year. It has given a robust multibagger return of 27,301.96% in 3 years, and 19,202.63% in 5 years, respectively.

About the company - Hazoor Multi Projects Limited (HMPL) is a small cap construction company engaged in the business of Infrastructure and Real Estate. It has a market valuation of Rs. 223.35 crore.