Electric Equipment Stock Sets Record Date For Stock Split, 324% Return In 3-Years

Electric equipment industry company TD Power Systems Ltd (TDPS) has fixed record date for stock split. The company has a market capitalisation of Rs 1922 crore. TDPS is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, gas and wind turbines. Check stock split details below:

1. TD Power Systems Sets Record Date For Stock Split

The company has fixed record date for stock split, i.e. November 1, 2022.

The board of directors of the company in their regulatory filing stated, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, we wish to inform you that, the Company has fixed Record Date as mentioned below in the table for the purpose of sub-division/split of one equity share having face value of Rs.10/- each into five equity shares having face value of Rs.2/- each, as approved by the shareholders at their meeting held on 23rd Annual General Meeting of the Company held on September 27, 2022."

2. TD Power Systems Stock Outlook

The current market price of TDPS is Rs 616 with 52-week high at Rs 684 apiece and 52-week low at 298 apiece, respectively.

3. TD Power Systems 5-Years Return

The stock has given 5-years return of 195%, 3-years return of 324% and 1-year return of 84%.

4. TD Power Systems About

The small cap company came into existence in 1999 and operates in Electric/Electronics sector. It is engaged in the manufacturing of special application generators for Geothermal and Solar thermal applications.

It is also engaged in the manufacturing of custom-designed generators for its customers who are based all over the world, according to its official website.