Multibagger Power Stock Set To Reward 2 Bonus Shares, Hits Upper Circuit

Small cap company operating in power generation industry, KP Energy Ltd shares hit 5% upper circuit on February 9, 2024. KP Energy shares jumped surged 107% in last 3-months. The company announced bonus shares in the proportion of 2:1 and tomorrow is the record date (i.e. February 12, 2024).

Earlier, the company recommended bonus shares in 2018 in the ratio of 3:10 and in 2017 in the proportion of 2:1. Check details below:

What Is Significance Of Record Date In Bonus Share? Record date holds great significance for bonus issue. It is the cut-off date fixed by a company and investors should be shareholders of the specific company before this date so that they can become eligible to receive stock bonus share issues.

KP Energy Bonus Share & Record Date: As per the BSE filing of the company dated January 16, 2024, "Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Monday, February 12, 2024, as the 'Record Date' for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 2 (Two) Equity Shares of Rs. 5/- (Five) each for every 1 (One) existing Equity Share of Rs. 5/- (Five) each, subject to the approval of Shareholders which is being obtained through Postal Ballot."

KP Energy Shares Performance & Return: Last trading price of KP Energy shares on BSE is Rs 1130.20 apiece with intraday rally of 4.94%. The 52-week high price of KP Energy shares is Rs 1200.00 apiece and 52-week low price is Rs 143.05 apiece, respectively. KP Energy has a market capitalisation of Rs 2,512.43 crore. KP Energy shares soared 521% in last 1-year, surged 671% in last 2-years, and offered return of 3168% in last 3-years.

KP Energy To Announce Financial Results: KP Energy Ltd informed BSE that the meeting of the Board of Directors of has been scheduled Feb 13, 2024 to consider and approve the Standalone and Consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2023.

Earlier, KP Energy declared its net sales at Rs 69.38 crore for the quarter ended September 30, 2023, up 25.36% as against Rs 55.34 crore in the corresponding quarter of September 2022. It declared its net profit at Rs 8.22 crore for September 2023 quarter, up 26.22% from Rs 6.51 crore in September 2022. The company's EBITDA stood at Rs 16.89 crore for September 2023, up 40.98% from Rs 11.98 crore in September 2022. Its EPS declined to Rs 3.70 in September 2023 from Rs 6.33 in September 2022.

About: KP Energy Ltd specialises in high-quality Wind Turbine Generators (WTGs) powered by sophisticated technology. It excels in providing turnkey solutions for wind farm projects across India. With a proven track record and dedication to innovation, KP Energy Ltd. stands at the forefront of the renewable energy industry, driving sustainable solutions for a greener tomorrow, according to its official website.

Disclaimer: The stock highlights the bonus share 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.