₹1.50 to ₹354: Penny stock turns multibagger in five years. ₹1 lakh turns to ₹2.36 crore

livemint.com:

Multibagger stock: Hazoor Multi Projects shares are one of the multibagger stocks that the Indian stock market has delivered in the recent years. Once a penny stock, this multibagger stock has ascended from around ₹1.50 per share to ₹354 apiece, logging around 23,800 percent rally in five years.

This impressive growth trajectory suggests a potential for long-term gains, making it an exciting prospect for investors. Hence, the small-cap stock, which has a market cap of ₹537 crore, is one of the multibagger penny stocks in the last five years.The BSE-listed multi-bagger stock has risen from ₹344.65 to ₹354 apiece in one month, recording more than a 2 per cent rise in this period.

In the last six months, Hazoor Multi Projects' share price has appreciated from ₹317.20 to ₹354 per share, logging a nearly 11 per cent rise in this time horizon. In YTD time, this multi-bagger small-cap stock went up from ₹343 to ₹354, logging around a 4 per cent rise in this time.

However, in one year, the BSE-listed small-cap stock rallied from ₹138.50 to ₹354 per share mark, registering around a 160 percent rise. This performance compares favorably with [similar stocks' performance].Over the past five years, Hazoor Multi Projects shares have demonstrated a remarkable performance, rising from ₹1.50 to ₹354 per share, a staggering increase of nearly 236 times.

This consistent growth is a testament to the stock's potential and reliability, instilling confidence in potential investors.Taking a cue from Hazoor Multi Projects' share price history, if an investor had invested ₹1 lakh in this small-cap multi-bagger stock one month ago, its ₹1 lakh would have turned to ₹1.02 lakh today. If the investor had invested ₹1 lakh in this small-cap stock six