Hazoor Multi Projects Shares Surge 5% Amid Positive Market Sentiment

Hazoor Multi Projects Share Price Jumps 5% Amid Market Rally

Key Highlights

• Hazoor Multi Projects share price surged up to ₹28.90 per share in Wednesday's trading session, driven by a market rally and the company's recent developments.
• The Indian stock market benchmark indices, Sensex and Nifty 50, rose approximately 0.5%, tracking gains in global markets ahead of the US Federal Reserve's interest rate decision.

Recent Developments

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• Hazoor Multi Projects secured a Letter of Award (LOA) from the National Highways Authority of India (NHAI) for a user fee collection agency at Chowlaggere fee plaza in Karnataka, valued at ₹27,15,60,000.
• The company operates in the renewable energy sector and executes road projects on an engineering, procurement, and construction (EPC) basis.

Q3 Results 2026

• Hazoor Multi Projects reported a 135% jump in its consolidated net profit to ₹6.45 crore for the third quarter of the current financial year, compared to ₹2.71 crore in the same period last year.
• Revenue from operations declined 15% year-on-year (YoY) to ₹139 crore, while total expenses decreased to ₹134 crore from ₹160 crore a year ago.

Share Price Trend

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• The small-cap multibagger stock has largely remained negative in the near term, shedding over 16% in a month and 21% year-to-date (YTD).
• However, it has proven to be a multibagger stock by delivering 251% returns in three years and 9500% in five years.