Hazoor Multi Projects Ltd Shares Surge as Subsidiary Secures Major Project from Oil India
Shares of Infra-to-energy player Hazoor Multi Projects Ltd (HMPL) ended the session with gains after the company announced that its subsidiary, Quippo Oil & Gas Infrastructure Ltd, has secured a Rs 280.1 crore project from Maharatna PSU Oil India.
Hazoor Multi Projects Ltd. (HMPL), one of India’s fastest-growing infrastructure and engineering enterprises, is pleased to announce that its recently acquired subsidiary, Quippo Oil & Gas Infrastructure Ltd., has been awarded a contract valued at ₹280.1 crore by Oil India Limited, a Maharatna Public Sector Undertaking (PSU). This significant win underscores the company's growing presence in the energy sector and its commitment to delivering high-quality infrastructure solutions.
The counter started the trading session in the green with a gain of Rs 0.51 and opened at Rs 43.61, up from the previous close of Rs 43.10 on the BSE. The counter gained further to touch the high of Rs 46, a gain of 6.72 per cent from the closing price of the last trading session. 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 954.88 crore.
According to BSE Analytics, the stock has delivered nearly 36,700 per cent return to investors. The stock has gained 8.67 per cent in the last one-year period, reflecting strong investor confidence in the company's growth trajectory.
The benchmark BSE Sensex rallied 746 points to close above the 80,000 mark on Monday following buying in oil, auto, and banking shares amid fresh foreign fund inflows. The 30-share Sensex jumped 746.29 points or 0.93 per cent to settle at 80,604.08 with 26 of its constituents ending higher. During the day, it surged 778.26 points or 0.97 per cent to 80,636.05.
The 50-share NSE Nifty jumped by 221.75 points or 0.91 per cent to 24,585.05. Among Sensex firms, Tata Motors, Eternal, Trent, State Bank of India, UltraTech Cement, and Larsen & Toubro were the major gainers. However, Bharat Electronics, Bharti Airtel, and Maruti were the laggards.
This significant project win by Quippo Oil & Gas Infrastructure Ltd not only boosts Hazoor Multi Projects Ltd's financial performance but also strengthens its position in the competitive infrastructure and energy sectors. Investors are optimistic about the company's future prospects, and the market's positive response reflects this sentiment.
