Multibagger Stock: BSE-listed infrastructure and engineering major Hazoor Multi Projects Ltd (HMPL) has announced the acquisition of Quippo Oil & Gas Infrastructure Ltd. through a competitive Swiss Challenge bidding process. With this acquisition, the infra company said that Quippo will bring a fleet of 14 advanced drilling rigs (650 HP to 3000 HP) and a team of over 400 oilfield professionals. The deal also encompasses diversified service offerings across directional drilling, work-over, cementing, seismic and integrated field development."This deal will leverage HMPL to generate operating leverage across infrastructure and energy verticals," the company said in a regulatory filing. "The newly acquired capabilities position HMPL to bid for large-scale offshore and integrated energy contracts across both domestic and emerging international markets". Meanwhile, shares of Hazoor Multi Projects today (Wednesday, August 6) fell more than 4 per cent to trade at Rs 44.30 around 11:30 AM. The stock made an intraday high of 46.48.Hazor Multi Projects is a diversified infrastructure and engineering company based in Mumbai. The company has a matket capitalisation of Rs 969.51 crore.As per BSE analytics, the smallcap counter has produced multibagger returns. In one year, the infra stock has yielded a positive return of 20 per cent. In two and three years, the stock has zoomed 254 per cent and 1004 per cent, respectively. In November 2024, Hazoor Multi Projects had split the face value in the ratio of 10:1. It means that each share of Rs 10 face value was split into 10 shares of Re 1 each.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
Multibagger stock: Infra firm makes fresh acquisition in oil & gas sector; shares up 1000% in...
