Hazoor Multi Projects Faces Market Sentiment Shift Amid Declining Sales and Profits

Hazoor Multi Projects, a microcap player in the realty sector, has recently undergone an evaluation adjustment, reflecting changes in its underlying financial metrics and technical indicators. The stock's technical trend has shifted from a sideways movement to a mildly bearish stance, indicating a change in market sentiment.
In terms of performance, Hazoor Multi Projects reported a net sales figure of Rs 414.34 crore, which has shown a decline of 23.91% over the latest six months. Additionally, the profit before tax (PBT) less other income for the most recent quarter stood at Rs 20.89 crore, down by 15.1% compared to the previous four-quarter average. The profit after tax (PAT) also fell to Rs 16.78 crore, reflecting a decrease of 13.0% against the same benchmark.

Despite these challenges, the company maintains a strong ability to service its debt, evidenced by a low debt-to-EBITDA ratio of 0.30 times. Furthermore, Hazoor Multi Projects has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 213.53% and operating profit rising by 81.93%. The stock has also shown consistent returns over the past three years, outperforming the BSE 500 index in each of the last three annual periods.

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