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The shares of TD Power Systems Limited were trading 1.4 per cent lower on Friday morning at Rs 616 levels. In the past four months, the stock has zoomed by approximately 33 per cent. In a year, it has gained 82 per cent. 

TD Power Systems is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, and gas and wind turbines. 

The board of the company has approved the splitting of its shares. The equity shares of the Company will be subdivided from a Face Value of Rs.10 each to a Face Value of Rs 2 each. For this purpose, the record date has been set as October 31st, 2022. 

In October 2020, the stock was trading at Rs 103 a piece on NSE. From there it has spiked up to the current levels logging a multibagger return of 495 percent. 

If an investor had invested Rs 1 lakh in the shares of the company in October 2020, their investment would be worth Rs 5.95 lakhs in two years. 

In Q2FY23, the company reported a total revenue of Rs 204 crores which is an increase from Rs 163 crores in the same period the previous year. In the quarter under review, they earned a net profit of Rs 21 crores up from Rs 10 crores in Q2FY22. 

The small-cap company has a market capitalization of Rs 1,921 crores and a dividend yield of 0.57% as on October 28th, 2022. The promoters hold a 58.61 percent stake with zero shares pledged. 

Written by Anoushka Roy

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