Shares of Real Estate & Infra Stock Hazoor Multi Projects Surged 5 per cent; Here’s The Reason

Shares of real estate company Hazoor Multi Project surged around 5 per cent to hit the upper circuit. On Friday, the company has informed exchanges that its board of directors has approved the allotment of 35 lakh shares of the company on a preferential basis. These shares have been allotted at a price of Rs 178 per equity share.

In the last 1 year, shares of Hazoor Multi Projects have given a return of 250 per cent from the level of Rs 103 on February 6, 2023.

In the last 5 days, shares of Hazoor Multi Projects have given a return of 11 per cent to the investors, while in the last 6 months it has given a bumper return of 187 per cent from the level of Rs 126.

The 52-week high level of shares of the real estate company is Rs 393 while the 52-week low level is Rs 78.

Recently, The company received an order worth Rs 1,130 crore in the second week of December to maintain-upgrade a section of National Highway NH-66 in Ratnagiri, Maharashtra.

Hazoor Multi Projects Ltd. is an infrastructure and real estate firm. It engages in executing and developing elite scheme, including a multistorey residential tower in Pune; and exclusive bunglow scheme near Amby valley at Lonavala. The company was founded on December 1, 1992 and is headquartered in Mumbai.