Multibagger small-cap stock rises amid expansion plans
Hazoor Multi Projects (HMPL) shares rose during a trading session after the company raised fresh capital and bagged new contracts.
By converting warrants into over 5.27 lakh equity shares at ₹30 each, HMPL boosted its paid-up capital to ₹224.96 crore—plus, there are still plenty of warrants left to convert.
Expanding into multiple sectors
HMPL isn't just sticking to one thing—it's branching out into shipbuilding, maritime logistics, oil and gas, environmental engineering, and hospitality.
This move seems to be paying off: profit after tax hit ₹16.78 crore last quarter.
Strong order book
The company also landed a ₹22.99 crore toll collection contract in Uttar Pradesh and a hefty ₹102 crore steel fabrication deal for Mumbai's Versova Bandra Sea Link bridge—helping keep its order book strong even with recent market ups and downs.