CG Power to declare interim dividend today

CG Power, a company known for its strong stock performance, is set to announce an interim dividend today. Recently, the share price has shown some fluctuation, gaining over 6% in the past month but dropping 15% over the last six months. Despite this, the company has seen impressive overall gains, with a 114% return in two years and an astonishing 10,778% return in five years. On Tuesday, the stock opened higher as investors anticipated news about the dividend. At one point, the share price rose to ₹619.00 on the Bombay Stock Exchange (BSE). The company's board of directors will meet to discuss and potentially approve the interim dividend for the 2024-25 financial year. CG Power announced this meeting in a regulatory filing made on March 11. The company had previously announced an interim dividend of ₹1.30 per share on February 5, 2024, and ₹1.50 per share on March 15, 2023. Shareholders are awaiting details about the record date and payment date for the upcoming dividend. As of 9:20 AM today, CG Power shares were slightly up by 0.64% at ₹614.75, with a market capitalisation exceeding ₹94,078 crore. Investors are advised to seek guidance from certified experts before making any decisions regarding their investments.