Back-To-Back Upper Circuit! This multibagger infrastructure stock hits upper circuit for 12th straight session

Shares of Hazoor Multi Projects Ltd have been in an uptrend for the last two weeks and information available on the BSE shows that the counter has been hitting the upper circuit for the last twelve straight sessions. 

Shares of this infra company today opened upside and locked in a 5 per cent upper circuit soon after the trading started.  

So far this year, the multibagger stock has risen around 271.94 per cent. In the last one year, the stock has given a return of 247.45 per cent. In two years, the scrip has made its investors wealthier by around 1,319 per cent.

The share price has been amid the company receiving an order worth Rs 1,130 crore to upgrade and rehabilitate a section on NH-66 in Ratnagiri.

The projected value of the aforesaid project is approx. Rs.1,129.81 crores, the company said in an exchange filing. 

"...received from Arawali Kante Multi Projects Private Limited (“ Substituted Concessionaire”) and authorized by The Ministry of Road Transport & Highways (“Authority”) for Rehabilitation and up-gradation of NH-66 (old NH-17) from Km.241/300 to Km. 281/300 (Arawali to Kante section) to four lanes in the State of Maharashtra under NHDP-IV on Hybrid Annuity mode in Ratnagiri district, the filing reads. 

Earlier, the company said that it would raise funds by way of issuing securities, convertible instruments and others.