Penny Stock Hazoor Multi Projects: From ₹1 Lakh to ₹2.20 Crore in Six Years

The Indian stock market has been a rollercoaster over the past year, influenced by factors such as the ongoing India–US trade deal, heavy selling by foreign institutional investors (FIIs), and heightened geopolitical uncertainties. Despite these challenges, some stocks have managed to outperform the broader market, delivering multibagger returns. One such stock is Hazoor Multi Projects, which has shown exceptional performance, turning a ₹1 lakh investment into ₹2.20 crore in just six years.

Hazoor Multi Projects' share price, which was once as low as ₹0.16 in February 2020, is now trading at ₹35 on BSE. This significant growth can be attributed to the company's strategic business moves and the strong demand for its services. The stock has delivered a mind-boggling return of 10,276.47% over the last five years, making it a prime example of a multibagger penny stock.

However, the journey has not been without its ups and downs. In the past year, the stock has seen a 20% decline and a 18% drop in the last six months. Year-to-date, the shares have shed nearly 3%. Despite these fluctuations, the stock remains a favorite among investors looking for high-risk, high-reward opportunities.

On February 17, Hazoor Multi Projects announced a significant business update. The company was awarded a Letter of Award (LOA) by the National Highways Authority of India (NHAI) for the collection of user fees at the Balenahalli fee plaza. The project involves the maintenance and operation of a four-lane section of the Challakere to Hiriyur highway in Karnataka, covering a distance of 52.1 kilometers. The contract also includes the upkeep and maintenance of adjacent toilet blocks, ensuring proper amenities for highway users.

The total contract value stands at ₹44.23 crore, with an execution period of one year from the commencement date. This significant order not only strengthens the company’s order book but also reinforces its presence in the infrastructure and highway services segment. The project is expected to bring in steady revenue and enhance the company's reputation in the market.

Hazoor Multi Projects has undergone several stock splits over the years, further benefiting investors. The company executed a 10:1 stock split on November 7, 2024, a 4:10 split on January 1, 2021, and a 2:4 split on March 31, 2004. These splits have made the stock more accessible to a broader range of investors, contributing to its popularity.

While the potential for substantial gains is undeniable, investing in penny stocks like Hazoor Multi Projects comes with significant risks. The stock's volatility and the company's performance in a highly competitive market require thorough research and a long-term investment approach. Investors should exercise due diligence and seek professional advice before making any investment decisions.

In conclusion, Hazoor Multi Projects stands out as a prime example of a multibagger penny stock, demonstrating the potential for extraordinary returns in the Indian stock market. However, the inherent risks and market fluctuations make it essential for investors to carefully evaluate their investment strategies and stay informed about the company's latest developments.

Disclaimer: This article is for educational purposes only. Please consult with an investment advisor before making any investment decisions.