- The stock market has been fluctuating for a few days
- The company that made him a millionaire also got a big hit
- Investors were shocked
The millionaire-making share : The stock market has been fluctuating for the past few days. This has affected many companies. There are also those who have given tremendous returns to the investors. One such company that turned investors into millionaires has also been hit hard.
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This share made a millionaire
Hazur Multi Projects Limited also has a stake in it. This stock has made investors millionaires. But now it is decreasing drastically. The stock was trading marginally higher at Rs 26.39 at 10 am on Tuesday. Although the stock is currently falling, it has made investors millionaires in the past. In May 2021, the share price was less than 60 paise. So in September 2024, this share had reached around Rs 60. In such a situation there has been an increase of about 10000% in 3 years. If you had invested Rs 1 lakh in it in May 2021, it would have been worth Rs 1 crore in September 2024.
Investors were shocked
After this increase, the share started to decline. From time to time the shares rose a little and then slowed down. After that, the shares of this company did not rise at the previous pace. Its value is less than half of its September 2024 price. The stock has fallen more than 35 percent in the last 6 months and is in dire straits. It has decreased by 25 percent within a month. That is, now the investors are losing continuously due to this share.
What exactly does the company do?
Hazur Multi Projects Limited is a company belonging to the infrastructure sector. Its main work is real estate development and road construction. Among the major projects of the company is the 40 km long Wakan Pali-Khopoli road constructed in Maharashtra. The company has received a letter of award (LOA) worth Rs 44.23 crore from NHAI to operate toll plazas and maintain highways in Karnataka beginning in 2026. According to the BSE website, the company has a market cap of Rs 620.56 crore.
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