New Delhi, Jan. 28 -- Multibagger SME stock Hazoor Multi Projects share price rose over 3% in intra-day deals on Wednesday, January 28 following broader gains in the Dalal Street. Both benchmark indices Sensex and Nifty were trading over half a percent higher in trade today.

Along with the recovery in Indian stock markets, sentiments were also aided by Hazoor Multi Projects informing exchanges that it converted its existing investment in Optionally Convertible Debentures (OCDs) of its wholly owned subsidiary, Square Port Shipyard Private Limited (SPSPL), into equity shares.

The cost of acquisition for the OCD conversion was fixed at Rs.10 per equity share, aggregating to Rs.25 crore.

The conversion resulted in the allotment of 2.5 cror...