Multibagger stock: Many stocks in the stock market, despite being very small, attract investors. One of these is Hazoor Multi Projects Ltd (HMPL). This company, which builds roads from real estate and works in the green energy sector, is in the news. The share price of Hazoor Multi Projects Ltd is more than Rs 31. It has given returns of more than 17000 percent in 5 years. Its 52 week high is Rs 59.90 and 52 week low is Rs 26.80.

In the year 2020, this stock was worth only 18 paise. Now it is beyond Rs 32. The company has achieved another success. It has received a big order from the National Highway Authority of India (NHAI). For this reason, on October 19, its shares flew like a rocket.

did 4.69 times more

On the morning of October 19, its shares took a flat opening at Rs 28.56 on the Bombay Stock Exchange (BSE). Slipped to a new low of Rs 26.80. After this, the tables were turned and the stock traded 4.69 times higher with huge volume sports. The stock jumped to a high of Rs 30.52, a gain of 6.86% from its previous closing.

What’s the deal?

The company has stated in its exchange filing that it has received an important project from NHAI. It will handle user fee toll collection at Rampura Toll Plaza (Km 23.300) located on Vijaypur to Sankeshwar section (Km 0/000 to Km 79/700) of NH-548B. The company has also been given the work of maintenance, repair and maintenance of toilet blocks built near the toll plaza. The entire project is worth Rs 13.87 crore. It has been awarded on the basis of bid through e-tendering. The company has said that this contract will further strengthen its highway management and infrastructure operations portfolio.

What is the company’s plan?

Recently the company has also formed a new subsidiary for power and renewable energy projects. The move came after the company last month announced setting up a 500 MW solar project in Andhra Pradesh with an investment of Rs 2,500 crore. In January, a large solar park with 1.2 GW capacity was also announced in Solapur, Maharashtra.