Multibagger stock: Hazoor Multi Projects Ltd is news of fundraising developments. However, the stock has been under the lens of retail investors and stock market watchers to achieve a 5 percent upper circuit in all seven sessions in the new financial year 2024-24. The circuit-to-circuit stock touches the upper circuit from April 1, 2024. The multibagger stock, which has risen 325 percent in one year, informed Indian stock market exchanges about the fundraising proposal, which will be discussed in the board. company meeting scheduled for April 12, 2024.
News from Hazoor Multi Projects
The small-cap with a market cap from around ₹755 crore informed Indian exchanges about the board meeting to discuss fundraising saying, “As per Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Friday on April 12, 2024 at 11.30 am at the registered office of the Company at C-45, 4™ Floor, Plot 210, Mittal Tower, C-wing, Barrister Rajani Patel Marg, Nariman Point, Mumbai.-400021 inter alia , to do the following business: 1) To increase the Authorized Share Capital of the Company and subsequent change in Memorandum and Articles of Association of the Company, if any; 2) To consider addition/change/modification in item.clause of Memorandum of Association of the Company ; 3) Proposal for additional acquisition of funds, for the growing business needs of a company, through the issuance of Equity Shares, Warrants, other securities, convertible instruments through a Preferred Issue, Private Placement, Qualified Institutional Placement, Rights Issue, or such other permissible method as may be decided by the Board, or any combination thereof, and to approve ancillary actions for the aforesaid fundraising, subject to such statutory/regulatory approvals as may be necessary.
Hazoor Multi Projects share price history
The Hazoor Multi Projects share price today opened and continued to touch an intraday high of ₹405.05 apiece on BSE, locking in a 5 percent upper circuit during Tuesday’s deals. According to the information available on the BSE website, the circuit-to-circuit stock touched a 5 percent upper circuit after introduction in the new financial year 2024-25. It ended at ₹288 apiece on 28 March 2024, which was the last trading session in FY24. This means that the circuit-to-circuit multibagger stock has increased more than 40 percent in just seven straight sessions in FY25.
In the last six months, this multibagger stock has increased from almost ₹121.50 to ₹405 po level, registering over 225 percent increase in this time. After a year, this circuit-to-circuit stock increased from nearly 96 each to ₹405 per share level, registering about 325 percent growth in this time.
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Published: 09 Apr 2024, 14:06 IST