Multibagger stock that has surged 36,800% in five years rebounds from today's low; here's why

Stock Market Today: Multibagger stock — Hazoor Multi Projects — that has surged 36,800% in five years, rebounded from today's low amid the announcement by the fundraising committee meeting.

Hazoor Multi Projects meeting updates

Hazoor Multi Projects' fundraising committee meeting was held on Tuesday, July 08, 2025. The fundraising committee update pertained to the allotment of 4,212,000 equity shares consequent to the conversion of warrants of the company, the multibagger stock informed exchanges.

Hazoor Multi Project informed the investors that the fundraising committee of the company, at their meeting held on Tuesday, 08th July, 2025, inter alia, considered and approved the allotment of 4,212,000 equity shares having a face value of Re 1/- each.

The allotment of the 4,212,000 equity shares is at an issue price of ₹30/- each (including a premium of ₹29/- each).

The same was consequent upon the conversion of 421,200 warrants issued at an issue price of ₹300 each, after adjusting the number of shares, paid-up capital per share, and premium per share post subdivision of the nominal value of the equity share of the company from 1 equity share of ₹10/- each to 10 equity shares of ₹1/- each, to the person belonging to the “Non-Promoters/Public Category” on a preferential basis.

The conversion was done upon receiving the remaining sum of ₹94,770,000/- (Rupees Nine Crore Forty-Seven Lakh Seventy-Thousand only) at the rate of ₹225/- per warrant (i.e., 75% of the issue price per warrant).

Multibagger stock Hazoor Multi Projects share price movement

Hazoor Multi Projects was at ₹44.39 on the BSE on Wednesday. Hazoor Multi Projects share price at the time of opening was higher than the previous day's closing price of ₹44.02. Hazoor Multi Projects share price thereafter dipped to intraday lows of ₹42.90 with the volatility in the market, but rebounded well to ₹44 levels.

Hazoor Multi Projects share price, having risen almost 36,800% in five years, has given multibagger returns to the investors.

Hazoor Multi Projects, though, is trading lower compared to the 52-week high of ₹63.90 in September 2024; it has rebounded well from the 52-week low of ₹32 seen in March 2025.

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