100% Dividend: GE T&D India Sets Record Date For Dividend, Shares Jump 224% YTD

Mid cap company operating in power sector GE T&D India Ltd fixed August 28, 2024 as the record date for 100% dividend on August 12, 2024. Current market price of GE T&D India shares on BSE is Rs 1715.00 per share with decline of 2.73% in trade today. GE T&D India shares rallied 224% year-to-date and offered return of 1272% in last 2-years. The company's market capitalisation stood at Rs 43,911.98 crore. The company reported healthy quarterly results on July 31, 2024. Check key details below:

GE T&D India Sets Record Date For Dividend: As per the BSE filing of GE T&D India dated August 12, 2024, the Company has fixed August 28 as the 'Record Date' for payment of final dividend. It recommended final dividend @ 100% i.e. Re.2/- per Equity Share of the Company for the year ended 31 st March 2024, if approved by the Shareholders of the Company in the ensuing Annual General Meeting.

GE T&D India Shares Performance: The 52-week high price of GE T&D India on BSE is Rs 1809.00 per share (as on 05/08/2024) and 52-week low price is Rs 305.00 per share (as on 04/09/2023), respectively. The company is engaged in the heavy electrical equipment industry. GE T&D India Ltd shares offered return of 72% in last 3-months, rose 114% in last 6-months, zoomed 448% in last 1-year, and offered return of 1150% in last 3-years.

GE T&D India Q1 Results: The company on July 31 announced a massive jump in its net profit at Rs 134.5 crore for the quarter ended June 30, 2024 as against the net profit of Rs 28.2 crore declared in the corresponding quarter of last year, as per its BSE filing. GE T&D India declared its total income surged to Rs 970.1 crore for June 2024 quarter from Rs 729.5 crore announced in the corresponding quarter of last year. The company's expense declared at Rs 790.2 crore for the quarter under review as compared to Rs 690.9 crore in the similar quarter of last year.

About: GE is a leading energy player in the country with strong capabilities in engineering, manufacturing, project management and supply of products and solutions for power generation and transmission infrastructure requirements. GE has two listed companies - GE Power India Limited and GE T&D India Limited which are listed on the stock exchanges in India. Having expanded its business across markets and geographies, according to its official website.

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