Multibagger stock: The share’s value would have increased from ₹1 lakh to ₹2.90 lakh if an investor had purchased it six months earlier.
Indian stock market: In the last several years, the Indian stock market has produced a number of multibagger stocks, including shares of Hazoor Multi Projects Ltd. The real estate stock has increased in value from about Re 1 per share on March 29, 2019, to about ₹380 per share on February 16, 2024, giving long-term positional investors a return of about 38,000 percent.
Therefore, if an investor had stayed engaged in this stock for the entire five years, the penny stock would have increased in value 381 times, turning ₹1 lakh into ₹3.81 crore in a short amount of time.
History of the stock price of Hazoor Multi Projects Ltd.
This multibagger real estate stock has closed higher on the upper circuit for the last two sessions, Thursday and Friday, in the past week. In the past month, the real estate stock has given its stockholders a return of about 2 percent.
The price of a share in Hazoor Multi Projects has increased from about ₹130 to ₹381 over the past six months, providing its owners with profits of 190%. This multibagger real estate stock has risen sharply over the past year, from about ₹99.60 to ₹381 per share, a gain of approximately 280 percent.
Similarly, this real estate company has become a multibagger penny stock during the past five years, rising from values of about ₹1 to ₹381 per share during that period.
Over time, the Impact of your Investment in Hazoor Multi Projects Ltd.
If an investor had invested ₹1 lakh in this real estate company one month ago, their money would have increased to ₹1.02 lakh today, based on the share price history of Hazoor Multi Projects. The investor would have received ₹2.90 lakh today if they had invested ₹1 lakh in this stock six months before. Similarly, an investor’s ₹1 lakh would have grown to ₹3.80 lakh today if they had invested ₹1 lakh in this stock a year ago.
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In a similar vein, an investor’s ₹1 lakh would have become ₹3.81 crore today if they had continued to invest in this penny stock over the course of this time, purchasing one share at about Re 1.
Only the BSE offers the real estate shares for trading. With a market capitalization of ₹387 crore and a transaction volume of 1,43,600, it closed on Friday. Its 52-week high and low are respectively ₹428.70 and ₹78.01. The stock, according to data on the BSE website, has never traded ex-bonus or ex-split.
Disclaimer: The opinions expressed above are not affiliated with The News Expo; rather, they represent the opinions of certain analysts, specialists, and brokerage firms. Before making any financial decisions, we suggest investors to consult with qualified specialists.