Small-Cap Stock Fixes Record Date For Bonus Issue, Hits Upper Circuit

Kaarya Facilities and Services Limited is a leading asset and facilities management company. It provides property management and maintenance services like housekeeping, pest control, facade, gardening, cleaning, and building mechanical system installation and repairing services, among others. It came into existence in February 2009 and emerged as one of the fastest growing companies in its domain.

Recently, the board of directors of the company fixed record date for bonus issue in 1:1 ratio on September 6, 2022 and soon after this the stock hit upper circuit. Check key takeaways pertaining to bonus share, stock outlook, and more below:

Kaarya Facilities and Services To Issue Bonus Share In 1:1 Ratio

The board of directors in the regulatory filing stated, "Pursuant to Regulation of 42 of the SEBI LODR, 2015, the company has fixed Wednesday, October 5, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. 1 (One) bonus equity shares of INR 10.00 each fully paid-up for every 1 (One) existing equity shares of INR 10.00 each fully paid-up (i.e. in the ratio of 1:1) held, subject to the approval of shareholders in Annual General Meeting."

Therefore, the record date is October 5, 2022. 

Kaarya Facilities and Services Stock Hits Upper Circuit

The announcement of fixing of record date for bonus issue led to a rise in the stock price of the Kaarya Facilities and Services. The stock hit an upper circuit soon after the board of the company divulged the record date for bonus issue.

Yesterday the stock of the company opened at 29.75 and climbed the day's high of Rs 30.00 apiece and the day's low was recorded at 29.75 apiece. The stock closed at the upper circuit limit of Rs 30 apiece. It gained 19.52% in yesterday's trading (September 7, 2022).

Kaarya Facilities and Services 52-Week High/Low

The stock's 52-week high is quoted at Rs 32.10 apiece and 52-week low is quoted at Rs 12.65 apiece, respectively.

Kaarya Facilities and Services Return

The stock has given a return of 57% in just 1 week, 80% in 1 month, and 51% in 6 months.

Kaarya Facilities and Services Market Capitalization

The small-cap stock has a market capitalization of Rs 16.83 crore.

About Kaarya Facilities and Services

From specialized Cleaning and Hygiene services, Housekeeping, Pantry, MEP (Mechanical, Electrical, Handyman services - repair & maintenance), Pest Control, Landscaping, Guest House management to Façade cleaning; the company has a bouquet of services that meet organizations' asset and facilities management requirements, according to its official website.