2:1 Split: Green Energy Stock To Soon Sub-Divide Shares, Hits 2nd Consecutive Upper Circuit

Small cap company engaged in power generation sector, KPI Green Energy Ltd share today hit second consecutive upper circuit. Last trading price of KPI Green Energy share on BSE is Rs 2038.75 per share with intraday gain of 4.94%. KPI Green Energy shares offered attractive return of 262% in last 1-year. Currently, KPI Green Energy shares are trading 310% above from its 52-week low price of Rs 496.92 per share. KPI Green Energy shares are all set to trade ex-split on July 18, 2024 and become affordable. More details below:

KPI Green Energy Ltd To Trade Ex-Split On July 18: As per the BSE filing issued as on July 2, 2024, "Board of Directors of the Company has fixed Thursday, July 18, 2024 as the 'Record Date' for determining the eligibility of Shareholders for the purpose of subdivision/split of equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into 2 (Two) equity shares having face value of Rs. 5/- (Rupees Five only) each fully paid-up."

KPI Dividend History: KPI Green Energy declared 8 dividends since November 11, 2021. In last 1-year, KPI Green Energy declared an equity dividend amounting to Re 0.50 per share. At the current share price of Rs 2038.75 per share, KPI Green Energy offers a dividend yield of 0.02%. Adjusting for Bonus/Splits the dividend yield is 0.02%, according to Trendlyne.

KPI Green Energy Stock Performance & Return: The 52-week high price of KPI Green Energy share on BSE is Rs 2109.25 per share (as on 25/04/2024) and 52-week low price is Rs 496.92 per share (as on 02/08/2023), respectively. KPI Green Energy shares witnessed attractive rally of 115% in last 6-months, zoomed 767% in last 2-years, and offered return of 6525% in last 3-years. In last 5-yeas, KPI Green shares surged 12,477%.

KPI Gets Nod For 13.60 MW Solar Power Projects Under IPP: KPI obtained nod from the Chief Electrical Inspector (CEIG) for our 13.60 MW solar power projects under the Independent Power Producer (IPP) segment of the Company. "These projects will be included in our power generation asset portfolio through M/s. Sun Drops Energia Private Limited, a wholly-owned subsidiary of our Company," added the BSE filing.

KPI Green on July 5 declared via its BSE filing, "KPI Green Energy Limited has successfully signed a Power Purchase Agreement (PPA) for a 50MW Solar-Wind Hybrid Power Project with Gujarat Urja Vikas Nigam Limited (GUVNL). This project, comprising of 50 MW Solar and 16.80 MW Wind, was awarded through a competitive bidding process outlined in RFS No. GUVNL / 500 MW / Hybrid RE (Phase I) issued by GUVNL on November 1, 2023, and secured through a reverse EAuction on January 22, 2024."

About: KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat based Renewable power generating company. Incorporated in February, 2008, focused on providing Renewable power through different Business verticals. The Company develops, builds, owns, operates and maintains Renewable power plants through as an Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism', according to its official website.

Disclaimer: The stock just highlights record date of stock split 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.