Multibagger penny stock: The Indian stock market has witnessed extreme volatility recently due to a rise in geopolitical tensions following tariffs imposed by the US President Donald Trump, the Israel-Iran war etc. This has made it very difficult for investors to find stocks that can withstand such turbulence and give a favourable return.
One stock that has managed to defy volatility and rewarded investors consistently is the multibagger penny stock Hazoor Multi Projects.
Hazoor Multi Projects, which was once priced at ₹0.12 in June 2020, is now trading at ₹39.86 on BSE. To put it in perspective, an investment of ₹1 lakh made five years ago in the stock and held over time would have grown significantly to nearly ₹3.32 crore.
Hazoor Multi Projects share price opened at ₹40.22 apiece in Thursday's trading session as compared to the previous close of ₹39.83 apiece.
The penny stock has given multibagger returns to its long-term investors by surging over 33,075 per cent in five years.
However, the multibagger penny stock has failed to impress short-term investors. In the last one year, Hazoor Multi Projects shares have grown by over 13 per cent; meanwhile, they have declined by over 17 per cent in six months.
In terms of year-to-date (YTD) performance, the scrip has slid over 25.59 per cent since the beginning of 2025, falling from ₹53.43 to the current market level.
The company reported a sharp decline of nearly 69% in net profit, which stood at ₹16.78 crore, down from ₹53.93 crore in the same period last year, as per its consolidated financial statements.
Its revenue from core real estate operations also fell significantly by 46%, reaching ₹249 crore in the fourth quarter of FY 2024-25, compared to ₹464 crore during the corresponding quarter of the previous fiscal year.
On Friday, 30 May 2025, the Board of Directors of Hazoor Multi Projects announced a final dividend of ₹0.20 per share for the financial year 2024-25, on shares with a face value of Re 1 each.
“The board has recommended to declare the final dividend of ₹0.20/- (Twenty Paise only) per equity share having face value of Re 1/- each, fully paid-up, i.e. 20% to the shareholders for the financial year 2024-25,” said the company in the exchange filing.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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