KPI Green Energy Shares Surge as Company Prepares for Board Meeting on Q2 Results and Potential Interim Dividend

KPI Green Energy Ltd, a small-cap company in the power generation sector, experienced a surge in its share price, hitting the upper circuit limit today after announcing a Board of Directors meeting scheduled for November 6, 2024. The meeting aims to approve the financial results for Q2 FY25 and consider the declaration of a second interim dividend. Currently, KPI Green Energy shares are trading at ₹741.50 on the BSE, with a market capitalization of approximately ₹9,732.96 crore.

Key Information:

• Board Meeting Date: November 6, 2024
  • Agenda:
    • Review and approval of standalone and consolidated unaudited financial results for the quarter and half-year ending September 30, 2024.
    • Consideration of the second interim dividend for the financial year 2024-25.
  • Record Date for Dividend (if declared): November 14, 2024
• Share Performance:
  • 52-Week High: ₹1,116.00 (recorded on August 12, 2024)
  • 52-Week Low: ₹270.57 (recorded on November 1, 2023)
  • 5-Year Return: 10,709%
  • 2-Year Gain: 494%
  • 1-Year Surge: 2,663%
  • The stock has rallied 174% from its 52-week low.
• Previous Dividend Declaration: On August 8, 2024, the company announced its first interim dividend for FY 2024-25, declaring a 4% dividend (₹0.20 per share) with a record date of August 21, 2024.

About the Company:

KPI Green Energy Limited, formerly K.P.I. Global Infrastructure Limited, is a prominent renewable power generation company based in Gujarat. Established in February 2008, it focuses on developing, building, owning, operating, and maintaining renewable power plants. The company operates as an Independent Power Producer (IPP) and provides services to Captive Power Producers (CPP) under the brand name “Solarism.”

With its impressive historical performance and the prospect of a dividend announcement, KPI Green Energy continues to attract investor interest.

Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.