Real estate company Hazoor Multi Projects is one of the multibagger stocks and has given around 273 per cent return in 1 year to its investors. The counter has been in focus recently as it traded ex-date for a 10:1 stock split. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Now, the company has informed exchanges that its board has considered and approved the allotment of 88,33,440 equity shares having a face value of Re 1 each at an issue price of Rs 30 each, including a premium of Rs 29, upon the conversion of 8,83,344 warrants.

The remaining 75 per cent of the warrant's issue price, amounting to Rs 19,87,52,400, was paid by the warrant holders. The newly allotted shares rank equally with existing shares. Currently, 1,04,94,795 warrants remain outstanding, and their holders can convert them into equity shares by paying the remaining 75 per cent of the issue price within 18 months.

The company has announced its financial results for the July-September quarter of FY25. The company has reported a 15 per cent jump in its Q2 consolidated net profit on a QoQ basis at Rs 11.01 crore.
 
Meanwhile, the real estate sector is estimated to reach a market size of USD 1.3 trillion by 2034 and USD 5.17 trillion by 2047, according to a report by realtors body CREDAI.

The current market size of Indian real estate is Rs 24 lakh crore (around USD 300 billion), split between residential and commercial segments in the ratio of 80 per cent and 20 per cent, respectively, it said in a statement.

The company reported a net profit of Rs 9.46 crore in the preceding quarter that ended on June 30, 2024. The revenue of the company from operations in the quarter came in at Rs 153.07 crore while