Shares of Infra-to-energy player Hazoor Multi Projects Ltd (HMPL) opened gap up on Wednesday, April 1, 2026, after the company shared an update with exchanges about a rating upgrade. In a filing after market hours on Tuesday, the company stated that Acuite Ratings & Research Limited (Acuite) had issued ratings for the company’s bank facilities. The company has been assigned an ACUITE BBB – Stable rating on its Rs 100 crore long-term facility. This rating indicates that the company’s financial position is currently stable, and it is considered capable of meeting its debt obligations.
HMPL share price
Following this update, the stock opened gap up with a gain of 9.27 per cent at Rs 25.70 against the previous close of Rs 23.52 on the BSE. The stock witnessed some profit booking at higher levels and dipped to a low of Rs 24.27. Last seen, the stock was trading at Rs 25 with a gain of Rs 1.48 or 6.29 per cent, and the market cap of the company stood at Rs 675.31 crore. The counter has gained after two days of consecutive fall and has outperformed the sector by 2.59 per cent. Technically, the stock is trading lower than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
The stock has a 52-week high of Rs 50.95 and a 52-week low of Rs 22.45.
Wins order from Tata Steel
Earlier, the company had announced that it had received a major work order from Tata Steel Limited. This project involves the design, engineering, construction and completion of an OPR and NOPR colony for employees at TSSIJ, Bileipada (Joda).
Meanwhile, the company recently secured a new work order from NHAI worth over Rs 27 crore. The projects have been secured through e-tender process, the company informed the exchanges.
The work includes the collection of user fees at Chowlaggere fee plaza on Hassan to Maranahally section of National Highway 48 in Karnataka. The orders also include upkeep/maintenance of adjacent blocks. The combined value of the awarded projects is Rs 27.15 crore.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
