Realty Stock Zooms Over 3% On Eyeing Strategic Expansion In Oil & Gas Sector With New Acquisitions

The shares of Hazoor Multi Projects Ltd, a small-cap real estate company, began trading on the BSE on Friday at Rs 39.54 per share and rose to an intraday high of Rs 40.47, representing a 3.32% rise compared to the previous close of Rs 39.17 per share.

The rally in the stock price was witnessed after Hazoor Multi Projects announced its plan to expand into key sectors through strategic acquisitions.

On Thursday, 3rd July the company informed to stock exchanges that "We wish to inform you that Hazoor Multi Projects Limited (HMPL), jointly with its partner entity, Last Mile Sports LLP, in the ratio of 51:49 respectively, has, vide email dated July 2, 2025, has submitted a binding offer to Srei Equipment Finance Ltd ("the Lender" or "SEFL"). This binding offer is relating to a proposed settlement of liabilities and investments of Quippo Oil & Gas Infrastructure Ltd ("Quippo" or "Target Company") and acquire the rigs presently leased to Quippo. This move aligns well with HMPL's shipyard operations and strengthens our presence in the oil & gas sector. We will keep the Stock Exchange informed of further developments in this regard."

In a separate regulatory filing, the company said that "This is to inform you that the M/s. Hazoor Multi Projects Limited (the "Company") has acquired 51.00% equity shares of M/s. Vyom Hydrocarbon Private Limited, a company incorporated on 11th August, 2023 under the provisions of the Companies Act, 2013, and having its registered office at, 810/8th Floor, DLF City Court, Sikandarpur, Gurugram, Haryana-122002, by way of Share Purchase Agreement (SPA) for a total cash consideration of Rs. 1,02,000/- (Rupees One Lakh Two Thousand Only)."

Mining and quarrying, oil and gas, crude petroleum and natural gas extraction, oilfield equipment and services, drilling and consulting, trade, engineering, procurement, and construction, environmental engineering, and sustainability initiatives, including but not limited to waste management, are among the industries Hazoor Multi Projects plans to expand its business operations into.

A final dividend of Re.0.20/-per equity share with a face value of Re. 1/-, or 20%, has been recommended to shareholders by Hazoor Multi Projects for the fiscal year 2024-2025. The Board of Directors' recommendation is required for the final dividend as well as the shareholders' approval at the company's upcoming Annual General Meeting (AGM).
Hazoor Multi Projects (HMPL) significantly enhanced its order book for FY 2025 (April 1, 2024 - March 31, 2025) by accepting several more contracts on top of an already substantial backlog for FY 2024.

Technically speaking, HMPL stock has been steadily rising and has recently tested its 52-week lows, whereas because of its engagement in infrastructure development, namely in road building and real estate developments, (HMPL) has been drawing interest from investors.