TD Power Systems to trade ahead of November 18 dividend record date
In short
TD Power Systems will be in focus before its November 18 dividend record date. The board has approved a dividend of ₹0.65 per share.
The stock has been helped by strong Q2 results, a strong order book and better guidance. SBI Securities still has a Buy view and a ₹732 target.
What the reporting says
TD Power Systems will be in focus ahead of its November 18 dividend record date after the board approved a dividend of ₹0.65 per share. The stock has been supported by strong Q2 results, a robust order book and upgraded guidance, and SBI Securities has kept a Buy rating with a ₹732 target. The market reaction has been positive, with the shares already up sharply over three years.
Why it matters
TD Power Systems is set to trade around its November 18 dividend record date after the board approved a ₹0.65 per share dividend. The stock has been supported by Q2 results, a robust order book and upgraded guidance, according to the summary. SBI Securities has maintained a Buy rating with a ₹732 target, which may keep investor attention on the shares.