Small Cap Power Sector Stock Declared 4th Dividend, Trading Near 52 Week Low, Gave 3823.3% In 3 Yrs

KPI Green Energy Ltd., a small cap KP Group and a Gujarat-based solar power generating company has declared their 4th Interim Dividend for the FY 2022-23. The company operates in the power sector. The company is in the business of solar power generation. It develops, owns, builds, operates and maintains solar power though as an Independent Power producer and a service provider to Captive Power Producer under the name brand name of 'Solarism.' It has a market capitalisation of Rs 1,721.42 crore. Below we highlighted the stock's details:

KPI Green Energy Ltd Stock Performance

The stock of KPI Green Energy jumped 5.76%, closed at Rs 476.40 apiece on NSE. The stock's previous close was 450.45 apiece. Its 52 week high was recorded on 1 December 2022 at Rs 975 apiece and 52-week low on 24 February 2022 at Rs 370.75 apiece, respectively. The stock was listed on NSE on 27 July 2021. Since its listing, it has delivered 652.01% positive return. In the past 1 week, it gained 5.59%. In the past 1 month, it gained 5.49% and in the past 3 months, it gained 30.41%, respectively. The stock gave 92.8% positive return in 1 year. In the past 3 years, it gave the highest 3,823.3% return.

KPI Green Energy Ltd has declared 4th Interim Dividend

The Board of Directors of KPI Green Energy Ltd in their regulatory filing to BSE on January 31, 2023 has said, "Considered, approved and declared Fourth Interim Dividend at 2.0% i.e. Re. 0.20 (Rupee Twenty Paisa Only) per equity share having face value of Rs. 10/- each on the equity share capital of the Company for the financial year 2022-23. The Record date for payment of this interim dividend is February 20, 2023 as per our earlier intimation dated January 25, 2023. The Dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the Register of Members as on the Record date."

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