Hazoor Multi Projects Ltd is a real estate and infrastructure company which was incorporated in the year 1992.Till 2020 it was a penny stock which was trading around Rs 3.
In the last few years Hazoor Multi Projects Ltd [ HMPL ] has done amazing job in infrastructure sector. It has successfully taken some leading projects of MSRDC both on EPC and HAM Models of execution.
Wakan Pali highway was started in the year 2019 by Hazoor Multi Projects . They have succesfully completed the project, even during the corona pandemic. After succesful completion of Wakan Pali Highway, HMPL further expanded their base in taking up Package 11 from the Extremely prestigious Samruddhi Expressway. Hazoor Multi Projects Ltd has its role in NH 48 highway project.
As mentioned in their official website https://www.hazoormultiproject.com/ , the company’s ongoing projects are
a) Rehabilitation and up-gradation to 2 lane with paved shoulder / 4 lane standards of National Highway section Wakan – Pali – Khopoli section of NH-548A (Length – 40.680 km) On EPC Basis.
b) Samruddhi Mahamarg, which is a dream Project of Government of Maharashtra, making an uninterrupted 6 -Lane Expressway connection from Mumbai to the Vidharbha Region.
In the year 2008 company has changed its name from Hazoor Media & Power Ltd. to Hazoor Multi Projects Ltd.
In this blog post we will see Hazoor Multi Projects share price target and prediction after All time high Breakout.
Hazoor Multi Projects Share Price on Monthly Chart [ All Time High Breakout ]
Below is the Monthly Chart of Hazoor Multi Projects Ltd [ HMPL ]
![hazoor multi projects ltd share price monthly pattern](https://knowaboutmarket.com/wp-content/uploads/2024/02/hazoor-multi-projects-ltd-share-price-monthly-pattern-1024x512.png)
In the year 2008 [ January month ] stock has seen its all time high price of Rs 64.70.
After 2008 stock has been downtrend for many years. There are many factors that lead to the drastic fall of Hazoor Multi Projects including the 2008 worldwide market crash.
Stock price has touched almost 4 Rs and In 2020 due to Corona Pandemic stock has seen all Time low of Rs 1.
After 14 years of Consolidation and down trend, this penny stock has see small improvement in the share price. In the year 2022 August, Stock price of Hazoor came near to previous all time high price i.e. Rs 65.
Even the monthly candle closed above the Previous All Time High. [ August month candle closed above 2008 High ].
Once the September month candle crosses “August Candles” high, that would be our entry point.
In this case August Candle’s high price was Rs 83.05 [ Approximately ]
Once the Share price crosses Rs 83.5 we will enter into the trade.
![hazoor multi projects 2022 breakout](https://knowaboutmarket.com/wp-content/uploads/2024/02/hazoor-multi-projects-2022-breakout-1024x508.png)
After 2022 September stock has been extremely bullish. Stock from Rs 83 in 2022 to Rs 390 in February 2024, Hazoor stock has seen exponential growth.
As per our Strategy, our Target should be :
Target : Entry Point + [ Difference between Previous All time High- all time low ]
: Rs 84 + [ 65-1 ]
: Rs 148
After the target price, stock has increase multiple folds. We can simply trial the price, so that we won’t miss the price rally.
As on writing this article, Hazoor Multi Projects share price was trading at Rs 301. [ A True Multi bagger]. [ From all Time high of ₹ 454, stock has seen a small correction]
Hazoor Multi Projects Stock Market Inspiration [ Success story]
What if you had invested Rs 1 Lakh in this multi bagger stock after all time high breakout ?
Assume that you has invested Rs 1 Lakh at the price of Rs 84. [ As per the all time high breakout strategy, our entry point would be around Rs 84 ].
For 1 Lakh you will get : 1190 stocks at Rs 84 each share.
At the time of writing this article [ February 6th 2024], stock price is Rs 390.
1190X390 =Rs 464000
Rs 1 Lakh invested in 2022 September is now worth Rs 464000. [ 4 Lakhs 64 thousand ]
What if you had invested Rs 1 Lakh in 2020 in Hazoor Multi Projects ?
Stock was trading at Rs 1 to Rs 2 in 2020.
Suppose you had invested Rs 1 Lakh in Hazoor Multi Projects in the year 2019 and 2020.
For one lakh we will get 50000 Shares each at Rs 2.
Hazoor Multi Projects stock price is Rs 390.
Lets calculate the worth of 50000 Shares with the latest price.
50000X 400 : 2 Crores.
In the span of 4 years 1 Lakh invested in Hazoor Multi Projects has turned in 2 crores.
Really inspiring isn’t it ?
Hope you enjoyed reading this article. For more such articles, please do let us know in the comments section.
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