Home PENNY STOCK Stock below Rs 20 announced rights issue worth Rs 48,92,04,000

Stock below Rs 20 announced rights issue worth Rs 48,92,04,000

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Stock below Rs 20 announced rights issue worth Rs 48,92,04,000

Family Care Hospitals Ltd. shares jumped 2.55 percent today to Rs 14.90 a share from their previous closing price of Rs 14.53 per share. The business just announced a 127:100 right issuance for the shareholders. The cost per share for the appropriate issuance is Rs 12.

The rights issue’s record date will be January 3, 2023, according to the business. The rights offer will have a total issue size of 40,767,000 fully paid-up equity shares at a price of Rs 12 each, for a total of Rs 48,92,04,000. The business will soon announce the open and closure dates of the rights issue.

Health care services are offered by Family Care Hospitals Ltd., commonly known as Scandent Imaging Ltd. The business offers dentistry solutions in addition to general surgery, gynaecology, orthopaedics, cardiology, urology, and cardiology treatments.

In terms of finances, the business has a market value of Rs. 46.64 crore and has posted profitable quarterly and yearly results. The PE multiple for the company is 8.98, whereas the sectoral PE multiple is 32.8, the ROE is 44.60%, and the ROCE is 45.74%. In the last five trading sessions, the stock’s price increased by 11.21 percent. Investors ought to monitor this stock in the healthcare industry.

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