Hazoor Multi Projects Share Price Rebounds After Fundraising Update

Market Performance

Hazoor Multi Projects' share price showed notable volatility on Wednesday. Despite an initial dip, the stock rebounded strongly from its intraday lows.

• Opening Price: ₹44.39
• Previous Close: ₹44.02
• Intraday Low: ₹42.90
• Rebound Level: ₹44.00

The recent fluctuation came against the backdrop of a fundraising committee announcement, which played a key role in reversing the downward movement.

Main News: Equity Share Allotment Announced

Hazoor Multi Projects informed the stock exchanges that its fundraising committee met on Tuesday, July 8, 2025. During the meeting, the company approved the allotment of 42.12 lakh equity shares.

Key highlights from the announcement include:

• Total Shares Allotted: 4,212,000 equity shares
• Face Value Per Share: Re 1/-
• Issue Price: ₹30/- per share
  • Includes a premium of ₹29/- per share
• Conversion Basis: Against 421,200 warrants
• Issue Price of Warrants: ₹300/- each
• Remaining Amount Received: ₹9.47 Crore
• Conversion Rate: ₹225/- per warrant (75% of issue price)

The shares were allotted to individuals under the "Non-Promoters/Public Category" on a preferential basis.

Company Details

Hazoor Multi Projects has earned attention in the stock market for being a true multibagger. The company's share price has delivered a staggering 36,800% return over the past five years, significantly rewarding long-term investors.

• 52-Week High: ₹63.90 (September 2024)
• 52-Week Low: ₹32.00 (March 2025)
• Current Price: Around ₹44 (as of July 9, 2025)

Although the stock is currently trading below its 52-week high, it has impressively recovered from its March 2025 low.

Summary of the Article

The Hazoor Multi Projects share price witnessed a rebound following a significant update regarding the conversion of warrants into equity shares. The fundraising committee approved the allotment of 42.12 lakh shares at ₹30 each. This development comes at a time when the company's stock has already made headlines for its 36,800% return over five years.

Despite market volatility, Hazoor Multi Projects continues to attract attention due to its historical performance and recent strategic actions. The stock's bounce back from the day's low indicates renewed interest, possibly driven by corporate updates.