2024-08-01 12:44:38
New Delhi: Huzur Multi Projects is a construction company. It has announced its stock split. This will be in the ratio of 1:10. This means that the company’s shares with a face value of Rs 10 will now become 10 shares with a face value of Rs 1. The company has taken this decision to make the shares more affordable for investors and to increase liquidity in the market. This proposal came in the board meeting held on July 26, 2024. However, the record date for the share split will be announced later.
Bullish trend after announcement of share split
After this news, the shares of Hajur Multi Projects have seen a rise. On Monday, July 29, the company’s shares closed at Rs 403.95 with a rise of 5 percent. In the last 52 weeks, the company’s shares have touched a high of Rs 454 and a low of Rs 110. According to BSE Analytics, the market cap of Hajur Multi Projects is Rs 753 crore.
Gave 28,148% return in 5 years
The shares of Huzur Multi Projects have proved to be a multibagger in the last few years. According to BSE Analytics, the company’s shares have given a return of 851 percent in the last two years. Whereas, in the last five years, this stock has given a huge return of 28,148 percent.
As of June 2024, the promoters’ stake in the company was 21.08 per cent. At the same time, the public had 78.92 per cent shares. Huzur Multi Projects Limited is an Indian company established in 1992. This company mainly invests money in different types of projects.
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