• Source:JND
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KPI Green Energy Stock Split:  Multibagger Stock KPI Green Energy's board announced a stock split in the ratio of 1:2, which means that the company's one equity share will now be divided into 2 equity shares. Following the news, the stock rose over 4 percent in today's Intraday trade.  KPI Green Energy's stock 52-week high price is Rs 2,109.25 and its 52-week low price is Rs 320.83. While its market cap is Rs 11,499.81 crore.

Zoomed over 400 percent in 6 months

On Thursday, May 23, shares of KPI Green Energy ended trade at Rs 1,895.10 on the NSE, up by 0.5% from their previous close on May 22, 2024, Meanwhile, during the trade hours the stock zoomed up to Rs 1,94.80. The energy sector stock has been multi-baggers as zoomed over 400 percent in the last 12 months on YTD. 

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Raises funds through QIP

KPI Green Energy said its board of directors has approved the proposal to raise Rs 1,000 crore by issuing shares through qualified institutional placement (QIP). In a filing, the renewable energy company said that this proposal would now be placed for the approval of the shareholders. The board of directors of KPI Green Energy has approved raising Rs 1,000 crore by issuing convertible or exchangeable equity shares or any other equity-linked securities or other securities through QIP in one or more tranches.

Q4-Result-  KPI Green Energy recently reported a 35.4% growth in consolidated net profit to Rs 43 crore for the March quarter. The company's sales increased by 58.6% to Rs 289.40 crore.

Disclaimer: This story is not an advise fo investing. Please take expert opinion before investing.

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