Hazoor Multi Projects secures ₹67 crore NHAI contract—Stock to watch tomorrow!

Hazoor Multi Projects Ltd is set to be in the spotlight tomorrow after the company secured a ₹67 crore order from the National Highways Authority of India (NHAI). The firm’s shares closed 0.19% lower at ₹52.45 in Tuesday’s trade.

The ₹67.16 crore contract will see Hazoor Multi Projects serve as the user fee collection agency for the Hulikunte Fee Plaza, located on the Dobaspet to Dodaballapur Bypass section of NH648 in Karnataka. Additionally, the company will maintain adjacent toilet blocks and manage consumables, following competitive bidding through e-tender.

This announcement follows Hazoor Multi Projects’ plan to enter the renewable energy sector, with a new solar park development project in Maharashtra, marking an expansion of their business into green energy.

In terms of stock performance, Hazoor Multi Projects’ shares hit a 52-week high of ₹63.90 on September 12, 2024, and their 52-week low stood at ₹28.41 on March 28, 2024. Despite giving investors a staggering 32,000% return over the last five years and nearly 45% in the past year, the stock has seen a slight dip of 1.83% year-to-date (YTD).

Given these developments, investors will likely keep an eye on the stock’s movement in tomorrow's trading session.