Share Market News: Hazoor Multi Projects' Stock Rises Following New NHAI Contract

Thursday, 12 September 2024, 23:48

Share market news reports that Hazoor Multi Projects shares gained momentum after the company secured a new order from the National Highways Authority of India. The awarded projects are worth Rs 17.94 crore and relate to fee collection and maintenance operations in Tamil Nadu and Karnataka. This positive development has positioned the stock favorably in today’s trading session.
India
Share Market News: Hazoor Multi Projects' Stock Rises Following New NHAI Contract

Share Market News Overview

Hazoor Multi Projects shares have seen an uptick as the company received a Letter of Acceptance from the National Highways Authority of India for various projects totaling Rs 17.94 crore. This contract includes acting as the user fee collection agency for the Bogalur fee plaza on NH-9 in Tamil Nadu, alongside the maintenance of toilet facilities.

Stock Performance Highlights

  • Opened flat at Rs 592.60
  • Surged to a high of Rs 614.90
  • Last recorded trading at Rs 610
  • 52-week high: Rs 639
  • 52-week low: Rs 115

Previous Contracts Secured

Earlier, Hazoor Multi Projects had also secured an order worth Rs 2.59 crore from NHAI for similar services in Karnataka. This order pertains to managing toll operations at the Mulawad Toll Plaza on NH218, with a focus on widening the road for improved traffic flow.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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