Small Cap Power Sector Stock Announces 1 : 1 Bonus Issue, 3- Years Return 2040%
Board of multibagger small cap stock, KPI Green Energy Limited announced issue of bonus equity shares in the ratio of 1 : 1. The company operates in Power sector and has a market capitalisation of Rs 1718 crore. Check key takeaways below:
1. Board of KPI Green Energy Gives Approval To 1 : 1 Bonus Issue
The board of directors of KPI Green Energy stated in the BSE filing dated November 30 2022, " KPI Green Energy Limited has informed BSE that the meeting of the Board of Directors of the Company was held today i.e.
November 30, 2022, inter alia has recommended issue of bonus shares in the ratio of 1 ( one) bonus equity share against 1 ( one) existing equity shares, subject to approval of the shareholders."
The board has yet to give details related to record date.
2. KPI Green Energy Stock Performance
The last trading price of the stock is Rs 951 apiece after a gain of 5.34% intraday. The stock's 52- week high is Rs 963 apiece and 52- week low is Rs 231 apiece, respectively.
3. KPI Green Energy Return
The stock has given multibagger returns. In the last 3- years, the stock has given 2040% return and 298% return in last 1- year. The stock has jumped 3% in 3- months and 27% in 1- month.
4. KPI Green Energy About
KPI Green Energy Limited ( Formerly known as K.P.I. Global Infrastructure Limited), is the solar vertical of KP Group and a prominent Gujarat based solar power generating company.
Incorporated in February, 2008, focused on providing solar power through different Business verticals.
Disclaimer
The stock gives details related to bonus share. 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.
By Renu Baliyan Goodreturns source: goodreturns.in Dailyhunt