New Delhi, April 1 -- Small-cap penny stock Hazoor Multi Projects rose as much as 5 per cent to Rs.44.99 apiece on Tuesday's trading session after subsidiary Square Port Shipyard secured an order from a shipping company located in the United Kingdom.

"In a boost to Maharashtra's Maritime capability, a Shipyard located in the key region of Dabhol in Konkan region has entered into operationalization by carrying out the important Steel Cutting Ceremony. The all-important steel cutting ceremony, which marks the initiation of the ship building activity was carried out on the auspicious occasion of Gudi Padwa at their shipyard located at Dabhol - Usgaon," the company said in a release dated March 31.

"The ship building and repair industry in ...