Share Market News: Hazoor Multi Projects Shares Gain After 32nd AGM

Shares of Hazoor Multi Projects Limited (HMPL) gained on Wednesday, a day after the 32nd Annual General Meeting (AGM) of the company. The HMPL shares opened at Rs 411.20 and went further to touch the intra-day high of Rs 412 – a gain of 1.16 per cent from the previous close of Rs 407.25 on the BSE.
During the AGM, the Board of Directors of Hazoor Multi Projects approved several appointments including Pawankumar Nathmal Mallawat as Executive Director & Chairman of the company. Hazoor Multi Projects’s stock, which has a market cap of Rs 709, has a 52-week high of Rs 454 and a 52-week low of Rs 115.
Meanwhile, stock market benchmark indices turned flat after beginning the trade on a positive note on Wednesday amid profit-taking in line with weak trends in Asian peers. The 30-share BSE Sensex climbed 128.81 points to 81,840.57 in early trade. The NSE Nifty went up by 30.4 points to 25,048.15.
However, soon both the benchmark indices faced profit-taking and were trading lower. The BSE benchmark traded 42.46 points lower at 81,682.57 while the Nifty quoted 21.60 points down at 24,996.15. Among the 30 Sensex firms, Mahindra & Mahindra, Power Grid, Tata Motors, Titan, Sun Pharma, ITC and Reliance Industries were the biggest gainers.
Bajaj Finserv, JSW Steel, Tata Steel, Tata Consultancy Services, HCL Technologies and Maruti were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
The US markets ended with marginal gains on Tuesday.
“The market has entered a consolidation phase with low volatility and this trend is likely to continue in the near-term. Falling bond yields in the US has restrained FII selling and they have even turned marginal buyers. Going by previous trends, DIIs are likely to sell if FIIs continue to buy.
(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.)