Shares of Hazoor Multi Projects Ltd are in focus today as the company has informed exchanges that its fund-raising committee has considered and approved the allotment of 60000 equity shares having a face value of Re 1 each. The company said that 8290950 total warrants are outstanding for conversion. These warrant holders are entitled to get their warrants converted into an equal number of Equity Shares of the Company by paying the remaining 75 per cent i.e. Rs. 225/- per warrant within 18 months from the date of warrant allotment the filing reads. The firms growth trajectory is evident as it has approved the conversion of 6000 Warrants issued at an issue price of Rs 300 each. This has led to a significant increase in the issued and paid-up capital of the company now standing at Rs 230048910 consisting of 230048910 equity shares of Re 1 each. The stock was recently in focus as it traded ex-date for the final dividend. The stock started the session in the green at Rs 41.95 on the BSE against the previous close of Rs 41.27. However the counter later dipped to touch the low of Rs 41.06. At the time of writing the report the stock was trading in the green at Rs 41.40. The market cap of the company stood at Rs 910 crore. The 30-share BSE Sensex jumped 888.96 points to 81456.67 in opening trade. The 50-share NSE Nifty surged 265.7 points to 24980.75. From the Sensex firms Mahindra & Mahindra jumped the most by over 7.50 per cent. Bajaj Finance Hindustan Unilever Bajaj Finserv ITC Tata Motors and UltraTech Cement were also among the gainers. However Eternal Tata Steel NTPC and HCL Tech were among the laggards. In Asian markets South Koreas Kospi and Japans Nikkei 225 index raded in positive territory while Shanghais SSE Composite index and Hong Kongs Hang Seng quoted lower. US markets ended mostly higher on Wednesday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1666.46 crore on Wednesday while Domestic Institutional Investors (DIIs) bought stocks worth Rs 2495.33 crore according to exchange data.
