Hazoor Multi Projects Ltd’s Volatile Week: -0.29% Price Change Amid Mixed Technical Signals

29 December 2025: Weak Start Amid Market Decline

Hazoor Multi Projects Ltd opened the week at Rs.36.44, down 2.62% from the previous close of Rs.37.42. This decline coincided with a 0.41% drop in the Sensex to 37,140.23, reflecting a broadly negative market sentiment. The stock’s volume was 439,209 shares, indicating moderate trading interest. The early weakness foreshadowed the challenges the stock would face throughout the week.

30 December 2025: Slight Recovery Despite Flat Market

The stock rebounded modestly to Rs.36.86, gaining 1.15% on the day, while the Sensex remained nearly flat, declining 0.01% to 37,135.83. Volume remained steady at 437,895 shares. This slight recovery suggested some short-term buying interest, but the overall market context remained cautious ahead of year-end.

31 December 2025: Downgrade to Strong Sell Amid Deteriorating Fundamentals

MarketsMOJO downgraded Hazoor Multi Projects Ltd from a Sell to a Strong Sell rating on 31 December 2025, citing deteriorating fundamentals and bearish technicals. The company’s financial performance showed persistent weakness, with net sales down 15.22% year-on-year and operating profit contracting at an annualised rate of -22.46% over five years. The latest quarterly PAT plunged to a negative ₹9.93 crores, a 189.6% decline compared to the previous four-quarter average.

Operating cash flow was deeply negative at ₹-49.46 crores, and the operating profit to interest coverage ratio stood at -0.67 times, signalling earnings insufficient to cover interest expenses. Despite a modest ROCE of 7.7% and a low enterprise value to capital employed ratio of 1.4 times, the stock’s valuation reflected fundamental underperformance rather than undervaluation, with a one-year return of -32.46% versus the BSE500’s 6.41% gain.

Technically, the stock shifted decisively into bearish territory, with daily moving averages, Bollinger Bands, and Dow Theory assessments all indicating negative momentum. The stock closed the day at Rs.34.97, down 5.13% from Rs.36.86, marking the week’s lowest close.

1 January 2026: Intensified Bearish Momentum and Volatility

The bearish trend intensified on 1 January 2026, with the stock closing at Rs.34.97, down 5.13% from the previous day’s close. The intraday range of Rs.34.00 to Rs.37.40 highlighted heightened volatility. Technical indicators confirmed increased downside pressure: daily moving averages remained bearish, Bollinger Bands pointed to sustained selling momentum, and Dow Theory assessments were mildly bearish on weekly and monthly charts.

While weekly MACD and KST indicators showed mild bullishness, monthly readings remained bearish, underscoring technical uncertainty. The Relative Strength Index hovered neutrally, suggesting no oversold or overbought conditions. Institutional holdings remained significant at 24.67%, with a slight increase of 1.56% over the previous quarter, though this did not translate into price support.

2 January 2026: Mixed Technical Signals Amid Price Recovery

On the final trading day of the week, Hazoor Multi Projects Ltd rebounded to close at Rs.37.31, up 2.11% from the previous close of Rs.36.54. The stock gained 4.49% intraday, trading between Rs.34.70 and Rs.37.50. This recovery was accompanied by a shift in technical indicators from outright bearish to mildly bearish, reflecting a complex interplay of signals.

The weekly MACD and KST indicators turned mildly bullish, suggesting some short-term upward momentum, while monthly MACD and Bollinger Bands remained mildly bearish. The RSI remained neutral, indicating the stock was neither overbought nor oversold. Daily moving averages continued to signal mild bearishness, highlighting ongoing pressure despite the price gain.

Despite this short-term optimism, the stock’s year-to-date return remained negative at -31.61% over the past year, underperforming the Sensex’s 8.51% gain. The MarketsMOJO Mojo Score stayed at 26.0 with a Strong Sell grade, reflecting caution amid mixed technical and fundamental signals.

Key Takeaways

Fundamental Weakness: The downgrade to Strong Sell was driven by deteriorating financial metrics including declining sales, negative profits, and poor cash flow, signalling operational challenges.

Technical Deterioration: The stock’s technical indicators shifted from mildly bearish to outright bearish midweek, with some short-term relief rallies evident at week’s end but overall momentum remaining subdued.

Volatility and Volume: Increased intraday volatility and steady volumes accompanied the price swings, reflecting investor uncertainty amid mixed signals.

Underperformance vs Sensex: The stock underperformed the Sensex by 1.64% over the week, continuing a trend of relative weakness despite occasional rebounds.

Institutional Interest: Despite negative trends, institutional holdings increased slightly, suggesting some confidence in longer-term prospects, though this has yet to translate into price strength.

Conclusion

Hazoor Multi Projects Ltd’s week was characterised by a challenging market environment, marked by a significant downgrade to Strong Sell and intensified bearish technical momentum. The stock’s underperformance relative to the Sensex, coupled with deteriorating fundamentals and mixed technical signals, underscores the elevated risks facing investors. While the late-week price recovery and mildly bullish short-term indicators offer some hope of stabilisation, the overall outlook remains cautious. Investors should closely monitor both fundamental developments and technical trends before considering exposure to this stock, given the prevailing uncertainty and volatility in the realty sector.

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