Small-cap Stock Below ₹50 Surges 9% Amid Dalal Street Rally
Hazoor Multi Projects Share Price Jumps 9.26% Amid Broader Rally on Dalal Street
Hazoor Multi Projects, a small-cap stock, surged 9.26% to ₹25.70 apiece on the BSE on Wednesday, driven by a broader jump in the Indian stock market. The benchmark indices, Sensex and Nifty 50, are trading over 2% higher each, while the Nifty Smallcap 100 and the Nifty Midcap 100 indices also spiked up to 3%.
The rally in Hazoor Multi Projects' share price was supported by the announcement of a credit rating to its bank facilities. Acuite Rating & Research Limited has assigned its long-term rating of 'ACUITE BBB' on ₹100 crore bank facilities availed by Hazoor Multi Projects. The agency has maintained its outlook as 'Stable'.
The rating takes into consideration a healthy order book of ₹1,012 crore, as on 23rd February 2026 (2.56 times of FY25 revenue). Further, while revenues have been declining over the past three years with volatile profitability, expected improvement in the operating momentum in FY2026–27 supported by improved EPC billing in Arawali Kante section HAM project and growth in the high-margin toll revenues drives the rating.
The financial risk profile remains healthy marked by low gearing (0.23x as on 31st March 2025), strong debt protection metrics, and sizeable equity infusions over the past three years that have strengthened the net worth and reduced reliance on external borrowings.
However, the rating is constrained by significant exposure to diverse group investments such as Hazoor Infra Projects Private Limited (HIPPL), Rappture Projects Private Limited, and Square Port Shipyard Private Limited, primarily from the equity and unsecured loan infusions. Therefore, timely recovery and generation of cashflows from these investments thereby aiding the company's liquidity remains a key rating monitorable.
Hazoor Multi Projects Share Price Performance
| Metric | Value |
|---|---|
| One-month fall | 22% |
| Year-to-date (YTD) decline | 31% |
| One-year decline | 42% |
| Five-year return | 8,233% |
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
At 12:05 PM, Hazoor Multi Projects share price was trading 6.21% higher at ₹24.98 apiece on the BSE.
Investor Takeaway
Investors should be cautious of the short-term rally in small-cap stocks like Hazoor Multi Projects.
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