Penny Stock Under Rs 100: Services Company Bags Orders Worth Rs 50.30 Crore From Pondicherry University & ONGC Ankleshwar
The stock is up by 54 per cent from its 52-week low of Rs 62.70 per share.
KHFM Hospitality & Facility Management Services Ltd is pleased to announce the acquisition of two significant new orders. The first order is for the provision of comprehensive catering services to Pondicherry University. This three-year contract, valued at approximately Rs 45 crore, involves designing, developing, and installing fully equipped modern kitchens at five different hostel locations within the university. KHFM will be responsible for procuring raw materials, cooking, and serving all meals, snacks, and beverages to the resident students. The contract also includes the potential for a two-year extension based on satisfactory performance.
The second order secured by KHFM is for the provision of catering and housekeeping services for ONGC Ankleshwar. This one-year contract, valued at approximately Rs 5.3 crore, encompasses a range of facility management services. These services include daily inspections and preventive maintenance of various infrastructure elements, replacement of faulty electrical and plumbing consumables (with reimbursement for material costs), ensuring qualified personnel for substation operations, and comprehensive housekeeping duties such as cleaning and refilling water jugs. Both orders were awarded by domestic entities, further solidifying KHFM's presence in the Indian hospitality and facility management sector.
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KHFM Hospitality & Facility Management Services Ltd, established in 2006, operates in the integrated hospitality and facility management sector, offering a comprehensive suite of services. Their key offerings encompass a wide range of essential support functions, including housekeeping, guest house, property, and pest control management. Additionally, they provide front office and gardening management, alongside building maintenance and catering/pantry services, positioning them as a holistic solution provider for various operational needs.
The firm has a market cap of Rs 185 crore. The stock has a 52-week high of Rs 123.95 per share and a 52-week low of Rs 62.70 per share. The stock is up by 54 per cent from its 52-week low of Rs 62.70 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.