277% return in 1 year: HMPL shares gain after AGM - Details

Shares of Hazoor Multi Projects Limited (HMPL) are in focus after the 32nd Annual General Meeting (AGM) of the company held on Tuesday. The stock has gained after two days of consecutive fall.

The counter opened at Rs 411.20 on the BSE and gained further to touch the intra-day high of Rs 412 - a gain of 1.16 per cent from the previous close of Rs 407.25.

During the AGM, the Board of Directors of Hazoor Multi Projects approved several appointments including Pawankumar Nathmal Mallawat as Executive Director & Chairman of the company. 

Hazoor Multi Projects's stock, which has a market cap of Rs 709, has a 52-week high of Rs 454 and a 52-week low of Rs 115.

Earlier, the HMPL emerged as the lowest bidder for a project worth Rs 273.74 crore from Maharashtra State Infrastructure Development Corporation (MSIDC).

"We are pleased to inform you that the Company has emerged as Lowest Bidder for the Project of Maharashtra State Infrastructure Development Corporation (MSIDC)," the company said in an exchange filing.

The project needs to be executed within 912 days.

Meanwhile, the Mumbai-based construction company has fixed the record date for its first interim dividend for the financial year 2024-25.