Acuite assigns provisional rating of BB / Stable on Hazoor Multi Projects' NCRPS; Stock sheds ~4%

16 Mar 2022 , 10:52 AM

Acuite Rating & Research Limited has assigned the long term rating of ‘Acuite Provisional BB’ on the Rs50 crore proposed Non – Convertible Redeemable Preference Shares (NCRPS) of Hazoor Multi Projects Limited. The outlook is ‘Stable’.

Ata round 10.56 am, Hazoor Multi Projects Ltd was trading at Rs29.25 per piece down by Rs1.15 or 3.78% from its previous closing of Rs30.40 per piece on the BSE.

The scrip opened at Rs29.85 and has touched a high and low of Rs31.35 and Rs29.25 respectively.