Hazoor Multi Projects share price jumped over 3% on Thursday, rallying as much as 3.55% to ₹33.51 apiece on the BSE. According to reports from Live Mint, the rally came amid a choppy session in the Indian stock market, where benchmark indices Sensex and Nifty 50 were trading flat. The stock has delivered multibagger returns of 244% in three years and an astonishing 10,600% over the past five years, though it has declined 27% in six months and 23% in one year.
CRISIL Ratings has assigned ratings to the bank facilities of Hazoor Infra Projects Limited, a material subsidiary of Hazoor Multi Projects. As reported by Live Mint, CRISIL has assigned a 'CRISIL BBB+/Stable' rating to the company's long-term bank facilities aggregating to ₹476 crore, indicating adequate degree of safety with a stable outlook. Additionally, the rating agency has assigned a 'CRISIL A2' rating to the short-term bank facilities, reflecting a strong degree of safety regarding timely payment of financial obligations.
The sponsor, Hazoor Multi Projects Ltd, received the project under harmonious substitution from the Ministry of Road Transport and Highways (MoRTH), with the endorsement agreement signed in January 2024 and a supplementary agreement signed on October 3, 2024. According to Crisil Ratings, the rating reflects healthy debt protection metrics, with adjusted average debt service coverage (DSCR) expected at 1.10-1.20 times over the balance tenure of the debt. Liquidity is supported by debt service reserve account (DSRA) equivalent to six months of debt servicing obligation, amounting to ₹24 crore and maintained in the form of fixed deposit as on January 31, 2026.
At 12:25 PM, Hazoor Multi Projects share price was trading 1.11% lower at ₹32.00 apiece on the BSE, as reported by Live Mint. The stock has risen 2% in one month but has fallen 15% in three months, reflecting the volatile nature of smallcap stocks in the current market environment.
