Last Updated on 30/07/2024 by wccexam Desk
The stock market is considered a business full of risk and fluctuations, but shares of many such companies are also trading in it, which have proved to make their investors rich. Some have showered money on those who invested in the long term, while some have emerged as multibagger stocks in a short time. One such amazing share is that of infrastructure and real estate company Hazoor Multi Projects Limited, in which those who invested became millionaires in just five years.
1 rupee share reached 419
The share of Hajur Multi Projects Limited, included in the list of multibagger stocks, has become a Crorepati stock for its investors. In the last five years, the share price of the company has increased from Rs 1 to Rs 408. Talking about trading in the stock market, on the second trading day of the week, the share of this company opened with a strong rise and within a few minutes it rose by about 3 percent to reach the level of Rs 419.30. Five years ago on August 2, 2019, the price of this stock was just Rs 1.45.
Gave a return of 28,210% in 5 years
The government has focused a lot on infrastructure in the last few years and its effect has also been seen on the companies associated with this sector. Amidst the growth in this sector, their shares have also jumped a lot. Talking about the shares of Hazoor Multi Projects Ltd, the investors who invested in it have got a multibagger return of 28,244 percent in 5 years. If we calculate according to this, then if an investor had invested Rs 1 lakh by buying shares at the price of Rs 1.45 on 2 August 2019 and had held it till now, then his amount would have increased to more than Rs 2.82 crore.
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This year the stock saw a tremendous jump
So far in the year 2024, Sensex and Nifty have made many records. In such a situation, this year has been special not only for the Indian stock market, but also for the shares of this company. In fact, from August 2019 to the beginning of August 2023, its pace was not very special and the share price reached from Rs 1.45 to Rs 125. But after this it ran with stormy speed. On December 1, Hazoor Multi Projects Share crossed the level of Rs 200 for the first time, then the year changed and the movement of the share also started changing. In February 2024, this stock touched its all-time high level of Rs 454.
Such was the performance of the stock
The market cap of real estate company Hazur Multi Projects Limited has reached Rs 777.09 crore. For investors investing in the company’s shares, this penny stock has proved to be a multibagger not only in five years but also in a period of one year. In the last one year, investors’ money has tripled with a return of 246 percent. That means the amount of those who invested Rs 1 lakh turned into Rs 3 lakh in 12 months. This stock has been witnessing a sharp rise again for the past week and it has jumped 12% in just 5 days.
(Note- Before making any kind of investment in the stock market, please take advice from your market experts.)