Source: Samco
KPR Mill Ltd shares soared over 7% in intraday trading on Thursday after a technical breakout and investor enthusiasm surrounding the scheduled board meeting on Friday, May 9, 2025. The board meeting is expected to consider the final dividend for the financial year 2024–25 and approve the audited financial results.
Strong Intraday Gains
The stock opened at ₹1,095.95 on the BSE, just under the prior closing price of ₹1,101.60, but quickly gained traction. The stock went on to hit an intraday high of ₹1,216 – that’s over 10% intraday gains, and a new 52-week high. In the past month, KPR Mill shares have risen more than 28%, showing strong interest from investors.
Technical Breakout Indicates More Upside
Market analysts have observed a notable technical breakout in KPR Mill’s stock price. As Anshul Jain, head of research at Lakshmishree Investment and Securities, states, the breakout is at the ₹1,040 level. Moreover, after a strong 20% rally in the last two trading sessions, the stock has the potential to rise to a price range of ₹1,400–₹1,450 according to the bullish technicals across time frames.
Dividend Decision to be Made
Investor sentiment has also been further increased by the company’s announcement that the board of directors will meet on May 9 to consider some important financial matters. Nevertheless, according to the filing with the stock exchange, the board will review audited financial results for the year ended March 31, 2025, and consider the recommendation of a final dividend for FY 2024–25.
Market Background
KPR Mill’s excellent performance is distinctive in an overall volatile market. The Sensex and Nifty 50 posted losses on the same day as KPR Mill’s performance was being evaluated on global equity markets, with geopolitical tensions weighing on the indices. This means that the strong trajectory of KPR Mill reinforces the company’s excellent fundamentals and positive forward prospects.
