TD Power Systems Ltd has achieved a significant milestone by reaching fresh record highs in August 2026 after testing its 200-day moving average (200-DMA). According to reports from The Economic Times, the heavy electrical equipment company demonstrated strong momentum by recovering sharply and outperforming the broader market. The stock had remained rangebound since May 2026 but managed to bounce back after testing the crucial technical level on the daily chart.
TD Power Systems has fixed August 24 (Monday) as the record date for its 1:2 stock split, making today the last day for interested investors to buy shares to be eligible for the corporate action. As per The Economic Times, according to SEBI's T+1 settlement cycle, investors must buy shares at least one trading day before the record date to ensure shares are credited to their demat accounts in time. The company's rationale behind the stock split was to encourage participation of small investors by making it more affordable and consequently enhance liquidity of the shares.
In today's trading session, TD Power Systems opened at ₹1,470.00 while its previous close was at ₹1,484.60. The stock reached a high of ₹1,569.80 and low of ₹1,467.10, with the average traded price for today at ₹1,536.29. The stock is currently in an uptrend with the 50 DMA at ₹1,198.01 and 200 DMA at ₹951.28. This latest trading data reinforces the stock's strong technical position and momentum following its breakout above the 200-DMA.
The stock split will result in 100 shares becoming 200 shares with each share value reducing to ₹5 from ₹10, keeping the total value unchanged at ₹1,000. As reported by The Economic Times, while the number of outstanding shares increases, the company's overall market capitalisation remains unchanged. A lower share price can make the stock more accessible to retail investors, potentially improving participation and trading volumes. The technical recovery comes after the stock had been losing momentum since May 2026, with the latest trading session reinforcing this positive technical outlook.
