KPI Green Energy is making headlines today because it has signed an important agreement with the Rajasthan government. This deal is to build projects that combine solar and wind power in a place called Jaisalmer, Rajasthan. The Rajasthan government will help the company get the permits and approvals it needs to start these projects smoothly.
In a different update, KPI Green Energy has set Friday, January 3, 2025, as the date to check which shareholders can receive bonus shares. This means that for every two shares someone owns, they will get one additional share for free, but first, they need to get approval from the shareholders through a vote.
This will be the third time the company has given out bonus shares. They previously did this in February 2024 (1 bonus share for every 2 shares) and in January 2023 (1 bonus share for every share).
Analysts are positive about KPI Green Energy’s stock. They say the average target price is Rs 1,100, suggesting that the stock could go up by 44% from where it is now. One analyst even recommends it as a “Strong Buy.”
The company’s stock has done really well, rising 71% over the last year and 60% this year. However, it has dropped by 15% in the past six months and is down by 4% in the last three months.
(Disclaimer: Opinions and views mentioned are from experts and might differ from Economic Times.)
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