Don’t miss action in this SME stock that has announced rights issue!

In Q2FY23, net profit skyrocketed 112 per cent compared to Q2FY22.   

One of the Top Gainers on NSE today, shares of KHFM Hospitality and Facility Management Services Limited surged and reached an upper price band of Rs 44.30 per share, after being locked in the 5 per cent upper circuit from its previous closing of Rs 42.20.  

In a recent media release, the company announced rights issue in the ratio 1:1 aggregating up to Rs 24.05 crore. The company verified the record date as Friday, February 10, 2023. The issue price for rights is Rs 24 per share. The rights issue will open on February 27, 2023 and close on March 10, 2023.   

KHFM Hospitality and Facility Management Services Limited provide janitorial and facility management services. The company offers cleaning, catering, guest house management, housekeeping, solid waste processing, security, pest control and room services.   

Talking about the financials, the firm has a market cap of Rs 44.4 crore. The company reported excellent Quarterly Results (Q2). In Q2FY23, net sales rose by 4 per cent and net profit skyrocketed 112 per cent compared to Q2FY22.   

The stock has a 52-week high of Rs 58.15 and a 52-week low of Rs 36.10. Investors should keep an eye on this SME stock.