Hazoor Multi hits 5% UC

Hazoor Multi Projects, which had closed on Friday at Rs.33.30, opened higher today at Rs34.90 and rose to its 5% UC of the day at Rs.34.90, where it now remains frozen. Its not too far from its 52-week high of Rs.35.95.

The stock price hit the roof after it stated that it has received work order from Gayatri Projects for execution of change of scope work of package-II for Rs.220 crore.

Earlier, the company had received a work order of Rs 6.75 crore for completion of Balance work of National Highway No 548-A from Section Waken Pali to 2 lane with paved shoulder received from Varaha Infra.

Hazoor Multi Projects, a realty company, is engaged in executing and developing elite schemes including a multistorey residential tower in Pune. It is also developing a luxurious, exclusive bunglow scheame near Amby valley at Lonavala.