2:1 Bonus Issue Recommended: Small Cap Stock Soars 262% Year-To-Date

Small cap stock from power generation industry, K.P. Energy Ltd shares gained 3.23% intraday on December 29, 2023. Today, Board of Directors recommended 2:1 bonus shares (December 30, 2023).

KP Energy has a market capitalisation of Rs 1499.86 crore. KP Energy shares soared 262% year-to-date and offered return of 265% in last 1-year. Check details below:

KP Energy Recommends Bonus Shares Today: According to the BSE filing of the company issued today, "Considered and recommended issue of Bonus Equity Shares in the proportion of 2:1 i.e. 2 (Two) bonus equity share of Rs. 5/- (Rupees Five) each for every 1 (One) existing equity share of Rs. 5/- (Rupees Five) each fully paid up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot."

KP Energy Stock Performance & Return: Last trading price of KP Energy shares on BSE is Rs 674.70 per share. Its 52-week high price is Rs 685.00 per share and 52-week low price is Rs 143.05 per share, respectively. KP Energy shares offered shareholders gain of 98% in last 6-months, soared 509% in last 2-years, and surged 1772% in last 3-years. In last 5-years, KP Energy stock rallied 578%.

About: KP Energy Ltd specialises in high-quality Wind Turbine Generators (WTGs) powered by sophisticated technology. It excels in providing turnkey solutions for wind farm projects across India. With a proven track record and dedication to innovation, KP Energy Ltd. stands at the forefront of the renewable energy industry, driving sustainable solutions for a greener tomorrow, according to its official website.

Disclaimer: The stock highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.