161% return in 1 year: Shares of this real estate company in focus as company to consider stock split

Shares of Hazoor Multi Projects Limited (HMPL) are in focus as the company has informed exchanges that its Board of Directors will consider the sub-division or split of the company's equity shares during a meeting scheduled on July 26. The counter opened at Rs 328 against the previous close of Rs 326.45. It gained further to touch the high of Rs 340 - a gain of 3.91 per cent from the previous close on the BSE. 

"A meeting of Board of Directors of the Company is scheduled to be held on Friday, 26 July, 2024 at 11.30 A.M. to transact following major businesses - To consider the sub-division/spilt of the Equity shares of the Company, To consider addition/alteration/modification in object clause of Memorandum of Association of the Company, and others," the company said in an exchange filing.

Shares of HMPL have given a positive return of 161 per cent in one year and an 895 return in two years. However, the counter has given a negative return of 7.05 per cent in six months.  

Meanwhile, the 30-share BSE Sensex tanked 504 points to 80,100.65 in early trade. The NSE Nifty dropped 168.6 points to 24,362.30.

In Asian markets, Seoul, Tokyo and Shanghai were trading lower while Hong Kong quoted in the positive territory.

The US markets ended lower on Friday. Global oil benchmark Brent crude climbed 0.67 per cent to USD 83.18 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,506.12 crore on Friday, according to exchange data.

The BSE benchmark hit its new all-time high of 81,587.76 in the initial trade on Friday but failed to carry forward the winning momentum and tanked 738.81 points or 0.91 per cent to settle below the 81,000-mark at 80,604.65.

The NSE Nifty tumbled 269.95 points or 1.09 per cent and ended at 24,530.90 after hitting its fresh record peak of 24,854.80 during the opening bell on Friday.