/ Gujarat Industries Power Company Surges Over 3% Recommends Dividend ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 19 May 2017

Gujarat Industries Power Company is trading in positive territory on BSE at the first half of Friday's trading session spiking over 3%. The stocks trading volume stood at 2,92,553 shares at 1:44 IST on NSE followed by traded value of Rs 319.18 shares.

The board of directors of the company has recommended a dividend of Rs. 2.70 per equity share of Rs. 10/- each fully paid up for the financial year ended March 31, 2017. As per market observers, the company has been maintaining a healthy dividend payout of 23.26%.

BSE Power index is trading in bullish mood gaining over 15 points or 0.67% at 2304 levels at 11:50 IST. Gujarat Industries Power Company Limited is engaged in the generation of electricity. The Company's gas-based power plants are Vadodara Stations, including Station-I with a capacity of 145 Mega Watts (MW) and Station-II with a capacity of 165 MW. 

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