Mumbai (Maharashtra) [India], March 18:Hazoor Multi Projects Ltd. shares jumped as much as 5% to ₹28.90 apiece during Wednesday’s trading session, fueled by heavy buying activity and riding the broader Indian stock market rally. The benchmark Sensex and Nifty 50 indices climbed about 0.5%, mirroring global gains ahead of the US Federal Reserve’s interest rate decision, with the small-cap stock opening at ₹28.48 against the previous close of ₹27.55 and seeing 1.13 lakh shares change hands on the BSE.
The uptick follows the company’s March 12 disclosure to exchanges about securing a Letter of Award (LOA) dated March 11, 2026, from the National Highways Authority of India (NHAI) for user fee collection at the Chowlaggere fee plaza on NH-48 in Karnataka, spanning from Km. 184+912 to Km. 237+000. Valued at ₹27,15,60,000, the one-year contract also includes upkeep and maintenance of adjacent toilet blocks and recouping consumable items, signaling fresh revenue potential for the infrastructure player.
Despite recent headwinds—with the stock shedding over 16% in the past month, 21% year-to-date, 30.47% in six months, and 33% over the last year—Hazoor Multi Projects remains a standout multibagger, delivering 251% returns over three years and an astonishing 9500% in five years. For FY2025–2026, the company reported revenue of ₹643.67 crore and profit of ₹39.98 crore, underscoring its long-term growth trajectory amid volatile short-term performance.
This development highlights investor optimism in small-cap infrastructure stocks, particularly those bagging government contracts, as Hazoor Multi Projects positions itself for sustained expansion in highway operations.
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