Hazoor Multi Projects wins NHAI contract worth Rs 28.47 cr

Hazoor Multi Projects has received a Letter of Award from the National Highways Authority of India (NHAI) for user fee collection and maintenance at Madangundi Fee Plaza on NH-31 in Jharkhand. The contract is valued at Rs 28.47 crore, the company said in an exchange filing. The stock, which closed at Rs 20.85 on Friday, down 3.29%, is expected to be in focus on Monday.

The small-cap stock has fallen 7.58% in the past week and 12% in a month, reflecting weak market sentiment. Over six months it has dropped 40%, and over a year, 52%. Despite the near-term decline, the stock has delivered multibagger returns of 1,071% in five years and 15,900% in ten years.

In its Q1 FY27 results, the company reported standalone revenue of Rs 10,367.04 crore, up 4.6% year-on-year, but standalone net profit fell 59% to Rs 460.03 crore. The order award comes as the company looks to stabilise its financial performance.