K.P. Energy jumps as board to consider bonus issue

K.P. Energy rose 4.74% to Rs 366.60 at 12:24 IST on BSE after the company said its board will meet on 28 January 2017, to consider bonus issue of shares.

The announcement was made during trading hours today, 17 January 2017.

Meanwhile, the BSE Sensex was down 68.84 points, or 0.25%, to 27,219.33.

On the BSE, so far 1,000 shares were traded in the counter, compared with average daily volumes of 2,583 shares in the past one quarter. The stock had hit a high of Rs 366.60 so far during the day, which is also a record high for the counter.

The stock hit a record low of Rs 70 on 25 February 2016. The stock had outperformed the market over the past 30 days till 16 January 2017, rising 34.62% compared with the 3.01% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 94.44% as against Sensex's 2.72% decline.

The small-cap company has equity capital of Rs 3.42 crore. Face value per share is Rs 10.

K.P. Energy said its board will also consider calling extraordinary general meeting (EGM) of shareholders to seek their approval for the proposed bonus issue of shares.

K.P. Energy is engaged in the business of windmill infrastructure development.

Powered by Capital Market - Live News