• Source:JND
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Shares of Hazoor Multi Projects edged higher in the early trade on Tuesday amid weak market after the company has announced business expansion plan. In an exchange filing, the company stated that its board has agreed to expand the business into shipbuilding, Ship Repair and Maintenance, logistics, and other sectors.

"The Board has approved the expansion of the Company's operations into various sectors, including Shipbuilding and Engineering, Ship Repair and Maintenance, Maritime Industry, Shipping Logistics and Transport, Mining and Quarrying, Oil and Gas Industry, Extraction of Crude Petroleum and Natural Gas, Oilfield Equipment, Services, Drilling, Consulting, Trade, Engineering, Procurement, and Construction, Environmental Engineering and Sustainability, including Waste Management, Hospitality, Lodging, Food and Beverage Services, and Related Travel and Tourism Services," the company said in a exchange filing.

Share Price Today

Following the development the shares of Hazoor Multi Projects opened with a decent gap up at Rs 40.99 against previous session's closing price of Rs 40.59. In early trade it rose nearly 2% to hit intraday high at Rs 41.49. Last seen it was trading at Rs 40.90, up 0.76% on BSE. Meanwhile, It 52 week high and low values were Rs 63.90 and Rs 32.0 respectively.

Stock Performance

The stock gave an multibagger return of over 33,900% in last five years. However, this year till date it corrected over 33%. In last 5 trading session the share price fell over 9%. In a year, it zoomed up over 14%.

Disclaimer:  This is just a piece of news about recent developments in the stock. Jagran does not advise investing. Please take an expert opinion before investing.