Stock market is considered to be a business full of risks and fluctuations, but shares of many such companies are also traded in it, which have proven to make their investors rich. Some have showered money on those who have invested in long term, while there are some who have emerged as Multibagger Stock in a short period of time. One such amazing share is that of the infrastructure and real estate company Hazoor Multi Projects Limited, in which the investors became millionaires in just five years.
Share of 1 rupee reached 419
The share of Hazur Multi Projects Limited, included in the list of multibagger stocks, has become a Crorepati Share for its investors. In the last five years, the share price of the company has increased from Re 1 to Rs 408. Talking about the trading in the share market, the shares of this company opened with a strong rise on the second trading day of the week and within a few minutes it reached the level of Rs 419.30 with a jump of about 3 percent. Five years ago, on August 2, 2019, the price of this stock was just Rs 1.45.
Gave 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 visible on the companies associated with this sector. Amidst the growth in this sector, their shares have also risen a lot. Talking about the shares of Hazoor Multi Projects Ltd, investors investing in it have got a multibagger return of 28,244 percent in 5 years. If we calculate accordingly, then if an investor would have invested Rs 1 lakh in it by buying shares at the price of Rs 1.45 on August 2, 2019 and had kept it till now, then his amount would have increased to more than Rs 2.82 crore. Will happen.
There was a tremendous rise in shares this year
So far in the year 2024, Sensex and Nifty have made many records. In such a situation, this year has not only been special for the Indian stock market, but has also been special for the shares of this company. Actually, from August 2019 to the beginning of August 2023, its pace was not much and the share price reached from Rs 1.45 to Rs 125. But after this it ran away with great 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 had touched its all-time high level of Rs 454.
This 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 the period of one year. In the last one year, investors’ money has tripled with 246 percent return. Meaning, the amount of those who invested Rs 1 lakh was converted into Rs 3 lakh in 12 months. This stock is again seeing a sharp rise since last week and it has jumped 12% in just 5 days.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)