Multibagger stock: Circuit-to-circuit stock hits upper circuit on all 7 sessions in FY25. Rises 325% in one year
Multibagger stock: Hazoor Multi Projects Ltd is in the news for developments regarding fundraising. However, the stock has been under the lens of retail investors and stock market observers for hitting a 5 percent upper circuit on all seven sessions in the new financial year 2024-24.
The circuit-to-circuit stock has been touching the upper circuit since 1st April 2024. The multibagger stock that has risen to the tune of 325 percent in one year informed Indian stock market exchanges about the fundraising proposal, which will be discussed in the board meeting of the company scheduled on 12th April 2024.
The small-cap stock with a market cap of around ₹755 crore informed Indian exchanges about the board meeting to discuss fund raise saying, "In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Friday, April 12, 2024 at 11.30 A.M. at the registered office of the Company at C-45, 4™ Floor, Plot 210, Mittal Tower, C wing, Barrister Rajani Patel Marg, Nariman Point, Mumbai-400021 inter-alia, to transact the following businesses: 1] To increase the Authorized Share Capital of the Company and consequent alteration in Memorandum and Articles of Association of the Company, if any; 2] To consider addition/alteration/modification in object clause of Memorandum of Association of the Company; 3] Proposal for further raising of funds, for company’s growing business needs, by way of issue of Equity Shares, Warrants, other securities, convertible instruments through Preferential Issue, Private Placement, Qualified Institutional Placement, Rights Issue, or such other permissible
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