Hazoor Multi Projects Ltd Faces Intensified Bearish Momentum Amid Technical Deterioration

Price Movement and Market Context

On 1 January 2026, Hazoor Multi Projects Ltd closed at ₹34.97, down 5.13% from the previous close of ₹36.86. The intraday range saw a high of ₹37.40 and a low of ₹34.00, reflecting heightened volatility. The stock remains significantly below its 52-week high of ₹57.80, while still comfortably above its 52-week low of ₹26.80. This wide price range underscores the stock’s recent struggles amid broader market dynamics.

Comparatively, the benchmark Sensex has shown resilience, delivering a 9.06% return year-to-date, while Hazoor Multi Projects Ltd has declined by 32.46% over the same period. The disparity is even more stark over the one-month and one-week horizons, with the stock falling 7.71% and 6.20% respectively, against Sensex returns of -0.49% and -0.22%. This underperformance highlights sector-specific and company-specific headwinds impacting the stock.

Technical Indicator Analysis

The technical landscape for Hazoor Multi Projects Ltd reveals a complex picture with mixed signals across different timeframes and indicators. The overall technical trend has shifted from mildly bearish to bearish, indicating a worsening momentum.

Moving Averages and Price Trend

Daily moving averages are firmly bearish, with the stock price trading below key averages such as the 50-day and 200-day moving averages. This suggests sustained downward pressure and a lack of short-term buying interest. The bearish crossover of these averages further confirms the negative momentum.

MACD and KST Indicators

The Moving Average Convergence Divergence (MACD) indicator presents a nuanced view. On a weekly basis, the MACD remains mildly bullish, hinting at some underlying positive momentum in the short term. However, the monthly MACD is mildly bearish, signalling that longer-term momentum is weakening. Similarly, the Know Sure Thing (KST) oscillator aligns with this pattern, showing mild bullishness weekly but bearishness monthly. This divergence between short- and long-term momentum indicators suggests that any short-term rallies may be limited or temporary.

RSI and Bollinger Bands

The Relative Strength Index (RSI) on both weekly and monthly charts currently offers no clear signal, hovering in neutral territory. This indicates neither overbought nor oversold conditions, leaving room for further downside or sideways movement. Meanwhile, Bollinger Bands on both weekly and monthly timeframes are bearish, with the price trending near the lower band. This positioning often signals increased volatility and potential continuation of the downtrend.

Volume and Dow Theory

Volume-based indicators such as On-Balance Volume (OBV) lack definitive signals at present, reflecting subdued trading interest or balanced buying and selling pressures. Dow Theory assessments on weekly and monthly charts are mildly bearish, reinforcing the overall negative technical outlook.

Mojo Score and Ratings Update

MarketsMOJO’s proprietary scoring system has downgraded Hazoor Multi Projects Ltd from a 'Sell' to a 'Strong Sell' rating as of 31 December 2025. The current Mojo Score stands at a low 26.0, reflecting weak fundamentals and deteriorating technicals. The Market Cap Grade is 4, indicating a micro-cap status with limited liquidity and higher risk. This downgrade signals caution for investors, as the stock’s outlook has worsened materially.

Long-Term Performance Context

Despite recent setbacks, Hazoor Multi Projects Ltd has delivered extraordinary returns over the longer term. Over the past three years, the stock has surged 390.10%, vastly outperforming the Sensex’s 40.07% gain. The five-year and ten-year returns are even more remarkable, at 11,752.83% and 21,912.40% respectively, dwarfing the Sensex’s 78.47% and 226.30% gains. This historical outperformance underscores the stock’s potential but also highlights the volatility and risk inherent in micro-cap realty stocks.

Sectoral and Industry Considerations

Operating within the Realty sector, Hazoor Multi Projects Ltd faces sector-specific challenges including regulatory changes, interest rate fluctuations, and demand-supply imbalances. The current bearish technical signals may reflect broader sector weakness as well as company-specific issues such as project delays or financial constraints. Investors should weigh these factors carefully when considering exposure to this stock.

Investor Takeaway

Hazoor Multi Projects Ltd’s technical deterioration and negative momentum suggest caution for current and prospective investors. The bearish moving averages, coupled with monthly MACD and Bollinger Bands signals, indicate that the stock may continue to face downward pressure in the near term. The absence of strong RSI signals leaves the door open for further declines or consolidation at lower levels.

While the stock’s long-term returns have been exceptional, the recent downgrade to a Strong Sell rating by MarketsMOJO reflects heightened risk and the need for careful portfolio management. Investors should monitor technical indicators closely and consider sectoral trends before committing fresh capital.

Conclusion

In summary, Hazoor Multi Projects Ltd is currently navigating a challenging phase marked by bearish technical signals and underperformance relative to the broader market. The mixed short- and long-term momentum indicators suggest that any short-lived rallies may be overshadowed by persistent selling pressure. Given the downgrade to Strong Sell and the stock’s micro-cap status, investors are advised to exercise prudence and explore alternative investment opportunities within the Realty sector or beyond.

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