Shares of Hazoor Multi Projects Limited are in action on Wednesday i.e. March 19 2025 as the company announced the incorporation of a subsidiary with the objective of executing its power and green energy business. The counter started the session in green at Rs 43.48 against the previous close of Rs 43.03 on the BSE. The stock gained further and touched the high of Rs 43.97 - a gain of 2.18 per cent from the previous close. However it pared all the gain amid profit booking and was trading at Rs 42.48 at the time of writing this report. The 52-week high and low of the stock are Rs 63.90 and Rs 28.41 respectively. The counter has given a multibagger return of 419.34 per cent in two years and a 1523.19 per cent return in three years. However it has gained only 33.16 per cent in one year and has corrected 22.64 per cent in six months. According to the information shared the name of the wholly owned subsidiary incorporated by the company is Hazoor New & Renewable Energy Pvt Ltd. The subsidiary will carry out the business of design research finance leasing renting develop energy-efficient technologies and renewable energy solutions including solar panels solar cells wind power systems bioenergy technologies biofuels geothermal energy compressed bio gas energy hydel energy nuclear energy coal gas lignite biomass tidal wave energy and other conventional nonconventional and renewable energy sources. The company will provide services in India and outside India with the aim to promote sustainable practices by harnessing both conventional and non-conventional energy sources for power generation and distribution establishing strategic collaborations with leading multinational companies. Meanwhile stock markets began the trade on a positive note on Wednesday tracking firm trends in Asian equities and fresh foreign fund inflows. Selling in blue-chip IT stocks however put some pressure on the markets as the benchmark indices turned volatile later in the trade.