Archive · 28 Jan 2026
Hazoor Multi Projects Stock Rises 3%
Hazoor Multi Projects' stock price went up by 3.2% on January 28, 2025.
This happened because the overall stock market was doing well, and the company turned some of its debt into shares in its subsidiary, Square Port Shipyard.
The company didn't have to spend any extra money to do this.
The subsidiary, which makes and repairs ships, had a good year with a lot of profit.
Even though the stock has gone down in the last year, it has made a huge profit over the last five years.
The stock is still not as high as it was a year ago, but it's doing better than its lowest point.
Hazoor Multi Projects' stock price rose 3.2% on January 28, 2025, following broader market gains.
The company converted Optionally Convertible Debentures (OCDs) of its subsidiary, Square Port Shipyard, into equity shares at ₹10 per share, totaling ₹25 crore.
The conversion resulted in the allotment of 2.5 crore equity shares to Hazoor Multi Projects, with no change in ownership or control of the subsidiary.
The stock has seen a significant decline in the past year but has provided multibagger returns over the past five years.
Square Port Shipyard reported a turnover of ₹68.95 crore and a net profit of ₹17.98 crore for FY25.
- Who
- Hazoor Multi Projects and Square Port Shipyard Private Limited (SPSPL)
- What
- Stock price increase and OCD conversion to equity shares
- When
- January 28, 2025
- Where
- Indian stock market (Dalal Street)
- Why
- Broader market gains and OCD conversion to equity shares in SPSPL
- Stock Price Increase
- 3.2%
- Day's High
- ₹31.36
- 52-Week High
- ₹56.50
- 52-Week Low
- ₹26.90
- OCD Conversion Cost
- ₹10 per equity share
- Total Conversion Value
- ₹25 crore
- Equity Shares Allotted
- 2.5 crore
- SPSPL Turnover (FY25)
- ₹68.95 crore
- SPSPL Net Profit (FY25)
- ₹17.98 crore