Price Momentum and Recent Performance
On 23 Jan 2026, Hazoor Multi Projects Ltd closed at ₹32.04, up from the previous close of ₹30.49, marking a significant intraday high of ₹32.49 and a low of ₹30.81. This 5.08% day change contrasts with the broader market trends, as the Sensex has shown more modest movements. However, the stock’s longer-term returns reveal a more nuanced story. Over the past week and month, the stock has underperformed the Sensex, with returns of -10.63% and -16.32% respectively, compared to the Sensex’s -1.29% and -3.81%. Year-to-date, the stock remains down by 8.38%, while the Sensex has declined by 3.42%.
Over a one-year horizon, Hazoor Multi Projects Ltd has suffered a steep decline of 38.97%, in stark contrast to the Sensex’s 7.73% gain. Yet, the company’s longer-term performance is impressive, with a three-year return of 185.82% and a remarkable five-year return exceeding 10,759%, far outpacing the Sensex’s 35.77% and 68.39% respectively. The ten-year return is even more striking at 15,413.90%, compared to the Sensex’s 236.83%, highlighting the stock’s historical growth potential despite recent volatility.
Technical Trend Analysis: A Shift from Bearish to Mildly Bearish
The technical trend for Hazoor Multi Projects Ltd has shifted from a clear bearish stance to a mildly bearish one, indicating a tentative improvement in market sentiment but still cautionary for investors. The Moving Averages on a daily basis remain bearish, suggesting that the short-term price momentum is yet to fully recover. This is corroborated by the Bollinger Bands, which are bearish on both weekly and monthly charts, signalling continued price pressure and potential volatility.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator presents a split view: weekly MACD readings are mildly bullish, hinting at a possible short-term upward momentum, whereas the monthly MACD remains mildly bearish, reflecting longer-term caution. The Know Sure Thing (KST) indicator aligns with this mixed sentiment, showing mild bullishness on the weekly scale but mild bearishness monthly, reinforcing the notion of a market in transition.
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RSI and Dow Theory Insights
The Relative Strength Index (RSI) on both weekly and monthly charts currently shows no clear signal, indicating neither overbought nor oversold conditions. This neutral RSI reading suggests that the stock is consolidating and that momentum could swing in either direction depending on forthcoming market catalysts.
Dow Theory assessments add further complexity: the weekly Dow Theory trend is mildly bearish, while the monthly trend is mildly bullish. This divergence highlights the stock’s oscillation between short-term weakness and longer-term recovery potential, a pattern that investors should monitor closely.
Volume and Market Capitalisation Considerations
On the volume front, On-Balance Volume (OBV) data is currently unavailable for both weekly and monthly periods, limiting insights into the strength behind recent price moves. However, the company’s market capitalisation grade stands at a low 4, reflecting its relatively modest size within the realty sector. This smaller market cap can contribute to higher volatility and sensitivity to market news.
Mojo Score and Rating Update
MarketsMOJO’s latest assessment assigns Hazoor Multi Projects Ltd a Mojo Score of 26.0, categorising it as a Strong Sell. This represents a downgrade from the previous Sell rating as of 21 Jan 2026, signalling deteriorating fundamentals or technical outlook. The Strong Sell grade reflects caution for investors, especially given the mixed technical signals and recent underperformance relative to the Sensex.
Valuation and Price Range Context
The stock’s current price of ₹32.04 remains significantly below its 52-week high of ₹57.80, indicating a substantial correction from peak levels. The 52-week low stands at ₹26.80, placing the current price closer to the lower end of its annual trading range. This price positioning may attract value-oriented investors, but the prevailing technical indicators counsel prudence.
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Sector and Industry Context
Operating within the realty sector, Hazoor Multi Projects Ltd faces headwinds common to the industry, including regulatory challenges, fluctuating demand, and interest rate pressures. The sector’s cyclical nature is reflected in the stock’s volatile price action and mixed technical signals. Investors should weigh these sector-specific risks alongside the company’s individual performance metrics.
Investor Takeaway
Hazoor Multi Projects Ltd’s recent price momentum shift and technical indicator signals present a complex investment case. While short-term indicators such as weekly MACD and KST suggest mild bullishness, longer-term metrics and moving averages remain bearish. The absence of clear RSI signals and conflicting Dow Theory trends further complicate the outlook.
Given the strong historical returns over multi-year periods, the stock may appeal to investors with a higher risk tolerance and a long-term horizon. However, the current Strong Sell rating and technical caution advise a conservative approach. Monitoring upcoming quarterly results, sector developments, and technical confirmations will be crucial for making informed decisions.
Conclusion
In summary, Hazoor Multi Projects Ltd is navigating a transitional phase marked by a shift from bearish to mildly bearish technical trends. The stock’s recent price gains are encouraging but tempered by persistent bearish signals on key indicators. Investors should remain vigilant, balancing the stock’s historical growth potential against current technical and sector challenges.
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