• Source:JND
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Hazoor Multi Projects shares soared over 5% in early trade on Tuesday after Square Port Shipyard Pvt. Ltd., a subsidiary of Hazoor Multi Projects Limited,
secured an order from a shipping company located in the United Kingdom. At around 10:40 am, the shares of the company were trading at Rs 43.80, up 4.63% against the last session's closing price of Rs 41.86 on BSE.

The small-cap stock opened in green at Rs 43.55 and went on to hit intraday at Rs 44.99. Meanwhile its 52-week high and low stood at Rs 63.90 and Rs 28.41 respectively.

According to a BSE filing by Hazoor Multi-Projects, Square Port Shipyard Private Limited, a subsidiary of Hazoor Multi Projects Limited, has received an order from a shipping company based in the United Kingdom. The all-important steel-cutting ceremony to mark the commencement of the shipbuilding was held at their shipyard in Dabhol-Usgaon on the auspicious occasion of Gudi Padwa.

Square Port Shipyard Director Fattesingh Patil said that India has immense potential for the shipbuilding and repair industry, however, its capacity is being under-utilized. The Government of India has given a boost to the sector through its latest allocation in the financial budget for 2025-26.

Hazoor Multi Projects Stock Performance

The shares of Hazoor Multi Projects zoomed over 23% in the last month, it jumped over 44% in a year and in 5 years it gave a multi-bagger return of 31,000%. However, in a week Hazoor Multi Projects' share price plunged by over 7%.

Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing, please take expert opinion before investing.