Power Sector Stock, Trading 7% Away From 52-Week Low, Sets Record Date For Dividend

Leading mid cap power sector stock, Torrent Power Ltd fixed February 22, 2023 as the record date for interim dividend. The company has a market capitalisation of Rs 21,659.00 crore. The stock gave a return of 47% in last 3-years. Currently the stock is trading just 7% away from its 52-week low price. Check key takeaways below:

1. Torrent Power Fixes Record Date For Interim Dividend

According to the BSE filing of the company, "The Company has fixed Wednesday, February 22, 2023 as Record Date for distribution of Interim dividend. The said Interim dividend, if declared, shall be paid to those Members whose names appear on the Register of Members or on records of National Securities Depositories Limited or Central Depositories Services (India) Limited as Beneficial Owners as on Wednesday, February 22, 2023."

2. Torrent Power Stock Performance & Return

The last trading price of the stock is Rs 450.65 apiece with an intraday gain of 0.29%. The stock's 52-week high is Rs 609.90 apiece and 52-week low is Rs 416.00 apiece, respectively.

The stock declined 7% in last 1-month, 11% in last 3-months, and 10% in last 1-year. The shares soared 47% in last 3-years, and 68% in last 5-years.

3. Torrent Power About

It is an integrated power utility and is one of the largest private sector players in India having interests in power generation, transmission, distribution and manufacturing and supply of power cables.

Disclaimer

The stock gives details pertaining to record date of interim dividend. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.