It’s the kind of story that makes people fall in love with the stock market. Imagine buying a share for just 34 paise. It seems like a lottery ticket, a small bet you might forget about. Now, imagine checking on that investment four years later and finding out that single share is now worth over ₹32.This isn’t a hypothetical scenario. It’s the real story of a penny stock called Hazoor Multi Projects Ltd.For those who took a chance on this small infrastructure company back in 2020, the returns have been astronomical. A simple calculation shows that an investment of ₹1 lakh would have ballooned to roughly ₹95 lakh today a staggering return of over 9,400%.So, what’s going on with this company, and why the sudden surge in interest?Hazoor Multi Projects is in the business of construction and infrastructure development. Like many small companies, its stock flew under the radar for a long time. However, things started to change recently, especially after the company bagged a massive project.Just a while ago, the company announced that it had secured a monumental order worth ₹2,192 crore to build a major highway in Maharashtra. For a company with a market capitalization of around ₹586 crore, a single order of this magnitude is a potential game-changer. It instantly boosts the company’s future revenue outlook and signals a huge leap in its operational scale.A look at the company’s financials shows some positive signs as well. In the recent quarter, its sales shot up by an impressive 423% compared to the same period last year. While the net profit saw a slight dip, the company remained in the black. Another point that often catches investors’ attention is the promoter holding, which stands at a strong 69.30%. A high stake held by the company’s own management is typically seen as a sign of confidence in the business’s future.A Word of CautionNow, before you get swept up in the excitement, it’s important to remember the nature of penny stocks. Their stories can be incredibly tempting, but they come with a high degree of risk. These stocks are known for their extreme volatility, meaning their prices can swing dramatically in both directions. For every story like Hazoor Multi Projects, there are countless others where investors have lost their money.This isn’t financial advice, but a fascinating look at the incredible potential and inherent risks of the stock market. The journey of Hazoor Multi Projects serves as a powerful reminder that sometimes, the smallest players can deliver the most surprising results.
Comments are closed.