Power Sector Stock Sets Record Date To Pay Rs 22/Share Dividend, Trading Near 52-Week Low

Mid cap stock operating in the power sector, Torrent Power Ltd fixed February 22, 2023 as the record date for Rs 22 per equity share. The dividend is to be remitted on or after March 9, 2023 to equity shareholders of the company. The stock has a market capitalisation of Rs 21,959.38 crore. Currently, the stock is trading 8% away from its 52-week low price. Check details below:

1. Torrent Power Sets Record Date For Rs 22/Share

According to the BSE filing of the company, "Interim Dividend for FY 2022-23 of Rs 22 per equity share (including Rs 13 per equity share as a special dividend) on 48,06,16,784 equity shares of Rs 10/- each. The said dividend will be remitted on or after March 09, 2023 to the Equity Shareholders of the Company."

2. Torrent Power Stock Performance & Return

The last trading price of the stock is Rs 456.90 apiece with intraday decline of 0.16%. The stock's 52-week high is Rs 609.90 and 52-week low is Rs 416.00 apiece, respectively. The stock rallied 2% in last 2-days, declined 4% in last 1-year, gave a return of 42% in last 3-years and 68% in last 5-years.

3. Torrent Power About

Torrent Power is one of the leading brands in the Indian power sector, promoted by the Rs. 21500 Crore Torrent Group - committed to its mission of transforming life by serving two of the most critical needs - healthcare and power.

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, according to its official website.

Disclaimer

The stock gives details related to interim dividend and record date. 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.