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Green energy stock in focus after company to consider bonus issue

A green energy stock plans to discuss a second 2024 bonus issue on November 14, following previous bonus shares and a stock split, to enhance retail investor accessibility.
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Introduction:

The green energy stock is set to discuss a second bonus issue for 2024 at their board meeting on November 14, following earlier shareholder-friendly actions like bonus shares and a stock split. This aims to make shares more accessible to retail investors.

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KPI Green Energy Bonus Issue:

KPI Green Energy is set to discuss a second bonus issue for 2024 in its upcoming board meeting on November 14. This follows earlier shareholder-friendly moves, including a bonus share and a stock split that adjusted the face value from ₹10 to ₹5.

The company had previously issued one bonus share for every two held by shareholders, following an earlier distribution of one-for-one in 2023. These actions aim to enhance the accessibility of shares to retail investors, particularly as the stock price has risen significantly.

Shares of KPI Green Energy have declined by 3.5% today, trading at ₹763.55. Despite this dip, the stock has seen a substantial rise of 60% in 2024, with a 118% gain over the past 12 months, adjusted for prior bonus issues and stock splits.

Recent News:

KPI Green Energy Limited has won an EPC order from GUVNL for 1,003.7 MW renewable projects in three phases, including solar and wind energy hybrids, enhancing their renewable portfolio significantly.

Stock performance of KPI Green Energy for 1 week, 6 months, 1 year:

Over the past year, KPI Green Energy’s stock has exhibited impressive growth, soaring by 118%. However, recent performance indicates some volatility, with a 4.81% decline in the past week and a notable 19.8% drop over the last six months, reflecting shifts in investor sentiment and market conditions.

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Shareholding pattern of KPI Green Energy:

All values in %Sep-24Jun-24Mar-24
Promoters Insight-icon48.7753.0953.08
FII9.956.055.6
DII1.550.330.63
Retail & others39.7540.5140.69

About KPI Green Energy Ltd:

KPI Green Energy Ltd. specialises in renewable energy, focusing on the development, operation, and maintenance of wind and solar energy projects across India. The company leverages technology and innovation to promote sustainable energy solutions, enhancing green energy accessibility and contributing to environmental conservation.

Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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