Small-Cap Stock Surges Following Acquisition Announcement

Hazoor Multi Projects Share Price Sees 3% Rally Amid Broader Market Gains

On Wednesday, Hazoor Multi Projects saw its share price surge by over 3% on strong buying interest, outperforming the broader market. The small-cap stock reached as high as ₹25.96 per share on the BSE, driven by a broader rally in the Indian stock market. The Sensex and Nifty 50 indices advanced over 2% each, while the Nifty Smallcap 100 index climbed 3% and the Nifty Midcap 100 index rose 2.6%.

Hazoor Multi Projects has taken steps regarding its investment in optionally convertible debentures (OCDs) of its wholly owned subsidiary, Square Port Shipyard Private Limited. The company has approved an extension of the tenure of ₹25 crore worth of OCDs by one year, from April 9, 2026, to April 9, 2027. Additionally, the company has approved a modification in the existing security structure, involving a property located at Navase in Ratnagiri district, Maharashtra.

Hazoor Multi Projects Share Price Performance

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Over the past year, Hazoor Multi Projects share price has declined by 30% on a year-to-date (YTD) basis and 43% in one year. However, the stock has delivered multibagger returns of 8,487% in five years and a staggering 11,100% return in 10 years. At 1:00 PM, Hazoor Multi Projects share price was trading 2.35% higher at ₹25.69 per share on the BSE.