943% return in 2 years: Multibagger construction stock declares first-ever stock split- Check ratio and other details

Stock Split: Construction company Hazoor Multi Projects has informed exchanges that its board of directors has declared a stock split in a 1:10 ratio.

The company, which is engaged in the business of infrastructure and real estate, also said that its board has yet to declare a record date for a stock split.

"The Board has recommend the Split/Sub-division of shares of the company from Face Value of Rs. 10/- each to Face value of Re. 1/- each, subject to the approval of Members of the company. The record date for the split/sub-division of shares will be intimated in due course," the company said.

Hazoor Multi Projects Share Price History

The shares of Hazoor Multi Projects have given a positive return of 214 per cent in one year and 943 per cent in two years. However, the stock of the company - which has a market cap of Rs 717 crore - has gained just 12 per cent so far this year.

The stock opened at Rs 402.90 on Monday against the previous close of Rs 384.75 on the BSE. The counter gained further to touch the high of Rs 403.