New Delhi, Feb. 17 -- Hazoor Multi Projects Ltd's share price jumped 6.71 per cent to Rs.44.06 per share, rising from the previous closing price of Rs.41.29. The stock has gained 62 per cent from its 52-week low of Rs.28.41 per share.

The small-cap stock rallied after the company announced on Monday the allotment of 7,00,33,000 equity shares, having face value of Rs.1 at an issue price of Rs.54.80 to FIIs.

Minerva Ventures Fund, Zeal Global Opportunities Fund, MGO High Conviction Fund Incorporated VCC Sub-Fund, Bridge India Fund, and 5 Nautilus Private Capital Ltd (Previously Known as Trade Delta) were the proposed allottees.

"Board decided to create, issue, and allot up to 7,00,33,000 (Seven Crore and Thirty Three Thousand Only)Fully ...