Hazoor Multi Projects, a small-cap stock, surged 12,767% between April 2021 and September 2024, rising from ₹0.43 to ₹55.33 per share, according to livemint.com. The stock is set to be in focus on Wednesday after the company secured a ₹24.33 crore work order from the National Highways Authority of India (NHAI) for user-fee collection services.
The rally in Hazoor Multi Projects’ stock price reflects strong buying interest over more than three years. The recent work order from NHAI, a significant contract in the infrastructure sector, was announced ahead of the stock’s upcoming trading session. The company’s ability to secure government contracts has contributed to its market performance, as detailed by livemint.com.
This remarkable stock performance places Hazoor Multi Projects among notable small-cap multibaggers in India’s equity markets. The infrastructure and user-fee collection services sector has seen increased investor attention, with similar companies benefiting from government projects. The ₹24.33 crore contract highlights the company’s expanding role in public infrastructure services, a sector critical to India’s economic growth.
Hazoor Multi Projects’ stock will be closely watched during Wednesday’s trading session following the NHAI contract announcement. The company’s market capitalization and investor interest are expected to reflect the impact of this new order, as reported by livemint.com.