The shares of Hazoor Multi Projects rose over 5 per cent during the session on Friday, September 18, after the engineering, procurement, and construction (EPC) company announced receiving a work order worth over Rs 207 crore from Emerald Haven Lie Spaces 3 Private Limited. The stock opened flat at RS 18.55. However, the Hazoor Multi Projects shares picked up momentum after the work order announcement was made through an exchange filing to hit an intraday high at Rs 19.90 on NSE, up 7.27 per cent from last closing.
Last seen, the stock was trading at Rs 19.01, up Rs 0.46 or 2.48 per cent. Meanwhile, the stock's 52-week high and low values stood at Rs 22.49 and Rs 17.44, respectively.
Receives Work Order
In an exchange filing, the engineering, procurement, and construction company said, "We are pleased to announce that M/s. Hazoor Multi Projects Limited has received a Work Order from M/s. Emerald Haven Life Spaces 3 Private Limited (EHLS3PL) for engaging as the Contractor for RCC Core and Shell works at the 'PTR Phase 2' Residential project situated at the site. Office address: Pallavaram, Chengalpattu, Chennai."
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The company will be doing RCC Core & Shell works at the residential project. The order value is Rs 2,07,44,57,481-- Rupees Two Hundred Seven Crores Forty Four Lakhs Fifty Seven Thousand Four Hundred and Eighty One.
Share Price History
According to BSE Analytics, the stock has given a multibagger return in a long tenure, rising over 1,100 per cent in the last 5 years. In the last three years, the scrip rose over 45 per cent. However, in a year, the Hazoor Multi Project stock corrected over 52 per cent, and in the last six months it declined 32 per cent. The stock slipped over 10 per cent in a month.
Timeframe | Performance / Return |
|---|---|
5 Years | Over +1,100% |
3 Years | Over +45% |
1 Year | Corrected over 52% |
6 Months | Declined 32% |
1 Month | Slipped over 10% |
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Share Market Today
The key domestic equity indices--Sensex and Nifty--settled in contrast to each other on Friday amid massive volatility. BSE Sensex declined 19.63 points or 0.026 per cent to close at 74,294.96 amid volatility. The index opened in the green at 74,575.24 as compared to the last close of 74,314.59. Meanwhile, it touched intraday highs and lows at 74,728.44 and 74,314.59, respectively.
Meanwhile, Nifty 50 settled in green at 23,346.40, up 0.33 per cent or 75.80 points.
Disclaimer: This story is for informational purposes only. It should not be considered investment advice. Please seek expert advice before investing.