2:1 Bonus Share In 2024, Dividend On Nov 6: Energy Stock Bags 1003.7 MW Orders, Buy?

Small cap company operating in power generation industry, KP Energy Ltd shares on November 5, 2024 settled at Rs 632.00 per share with intraday gain of 4.27% on Bombay Stock Exchange (BSE). KP Energy today informed via its BSE filing about receiving new orders aggregating to 1003.7 MW for development of renewable energy projects. KP Energy shares offered return of 169% so far in 2024 and surged 258% in last 1-year. The company's market capitalisation stood at Rs 4214.81 crore. Check details given below:

KP Energy Ltd Wins New Orders:

As per the exchange filing of KP Energy Ltd dated November 5, 2024, "apropos the captioned subject and pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that K.P. Energy Limited (the "Company") has received new orders aggregating to 1003.7MW capacity for development of renewable energy projects from KPI Green Energy Limited. The Company will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project. This inter-alia entails activities such as designing, supply, construction, erection, testing, commissioning and securing the necessary approvals and permits for the Project."

KP Energy To Consider Financial Results, Dividend Tomorrow:

The exchange filing of KP Energy issued as on Oct 30 stated, "a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, November 6, 2024, at the Registered Office of the Company, inter alia, to transact the following matters:

1. To consider and approve Standalone and Consolidated un-audited financial results of the Company for the quarter and half year ended September 30, 2024.

2. To consider the proposal for declaration of second interim dividend, if any, for the financial year 2024-25."

KP Energy Previous Dividend:

The company on August 14 recommended an interim dividend at 2% i.e. Re. 0.10 (Ten Paisa Only) per equity share having face value of Rs. 5/- each of the Company, for the financial year 2024-25. The Record date for payment of the interim dividend was August 23, 2024.

KP Energy Shares Performance & Return:

The 52-week high price of KP Energy shares on BSE is Rs 636.40 apiece (as on 05/11/2024) and 52-week low price is Rs 160.51 apiece (as on 08/11/2023), respectively. KP Energy shares rallied 65% in last 3-months, soared 909% in last 2-years, and offered return of 2437% in last 3-years.

Should You Buy KP Energy Shares?

According to A R Ramachandran, Independent SEBI Research Analyst "KP Energy is bullish but also overbought on the Daily charts with strong support at 601. Investors should be booking profits at current levels as a Daily close below this support could lead to a fall till 519. Strong resistance will be at 653."

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 has been picked from the brokerage report of AR Ramchandran. Greynium Information Technologies, the Author, and the respective Brokerage House 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.