From mint · Asit Manohar · · 1m 30s
Small-cap stock jumps 4.5% despite market sell-off
Toll fee collector stock surges 4.5% as NHAI orders boost small-cap shares.
In brief
Toll fee collector stock surges 4.5% as NHAI orders boost small-cap shares. Hazoor Multi Projects shares rose 4.5% after receiving ₹77 crore in NHAI toll collection orders, defying Indian stock market declines. Originally reported by mint.
Small-cap stock under ₹20
Small-cap stocks under ₹20 have risen 850% in five years despite stock market sell-off.
Hazoor Multi Projects shares
Hazoor Multi Projects shares rose 4.50% despite Nifty 50 losing 157 points and BSE Sensex shedding 547 points.
NHAI toll collection orders
Hazoor Multi Projects received ₹49.49 crore on Oct 10, 2026, followed by ₹28.10 crore on Monday, totaling ₹77 crore.
SEBI expert analysis
Anuj Gupta, a SEBI-registered market expert, said fresh NHAI orders fueled positive sentiment among Dalal Street bulls.
Technical price targets
Mahesh M Ojha noted strong support at ₹13.80 and resistance at ₹18.80 for Hazoor Multi Projects shares.
NHAI contract details
Hazoor Multi Projects was awarded contracts for toll collection at Kannoli and Gaddurur Fee Plazas in Karnataka.
Share price history
Hazoor Multi Projects shares rose from ₹1.80 to ₹16.80 in five years, clocking an 850% rally post-split.
Stock split impact
After a 1:10 stock split on November 7, 2024, the stock has remained beaten down but is a multibagger for long-term investors.
Market reaction
The small-cap stock defied Indian stock market trends with strong buying during Monday's session.
What happens next
Hazoor Multi Projects shares could reach ₹20.50 and ₹22 if they break resistance at ₹18.80.
What matters most
Hazoor Multi Projects shares rose 4.5% after receiving ₹77 crore in NHAI toll collection orders, defying Indian stock market declines.
