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Dividend stock to buy: TD Power shares rally 369% in 3 years, more upside ahead? Check target price before record date

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In short

The company's board approved an equity dividend of ₹0.65 per share, establishing November 18 as the record date for eligible investors. Management highlighted that the prevailing backlog is predominantly slated for execution over the next 12 months across key sectors like decarbonisation and primary power. Following a 10.56% weekly rally, SBI Securities assigned a "Buy" rating with a target price of ₹732, signaling an estimated 14.8% upside.

Key points

  • Most of the current pending order book is scheduled for full operational execution within…: Most of the current pending order book is scheduled for full operational execution within the next 12 months.
  • Growth in new contracts is heavily supported by escalating power demands from AI faciliti…: Growth in new contracts is heavily supported by escalating power demands from AI facilities and hyperscale data centres.
  • The stock has delivered substantial long-term returns, climbing roughly 369% over the pas…: The stock has delivered substantial long-term returns, climbing roughly 369% over the past three years.

Sources checked by our analysis pipeline: 1

Dividend stock to buy: Shares of TD Power systems will remain in focus in the coming week because of the upcoming dividend record date. The company scrip ended last week with 10.56% gain, which coincided with the announcement of second quarter results for the financial year 2026-27.

TD Power Systems share price closed 1.85% higher during Friday’s trading session. Its share price value has surged 10.56% over the last one month. Strong Q2FY27 results, robust order book, and upgraded guidance have strengthened the outlook for the company, according to SBI Securities which sees 14.8% upside potential in the stock.

TD Power Systems share price recommendation

Strong performance in the September quarter, aided by margin expansion, has strengthened the case for TD Power Systems.

Management confirmed that this inflow is demand-driven and not supply-pushed. Furthermore, the vast majority of the pending order book is scheduled for execution over the next 12 months.

TD Power Systems share price target

Dedicated power for AI and hyperscale data centres, grid stability and grid stabilisation equipment, expansion in baseline primary power generation and a worldwide…

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