Shakti Pumps (India) shines on getting Patent for S4RM from Government of India
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Shakti Pumps (India) is currently trading at Rs. 907.80, up by 49.75 points or 5.80% from its previous closing of Rs. 858.05 on the BSE.
The scrip opened at Rs. 863.00 and has touched a high and low of Rs. 923.00 and Rs. 863.00 respectively. So far 53439 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 927.40 on 31-Aug-2023 and a 52 week low of Rs. 380.15 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 927.40 and Rs. 702.05 respectively. The current market cap of the company is Rs. 1663.77 crore.
The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.54% and 43.23% respectively.
Shakti Pumps (India) has received a patent for inventing a High Starting Torque Direct Line Operated Energy Efficient Motor (Shakti Slip Star Synchronous RunMotor-S4RM). The Patent Office, Government of India, has awarded Shakti Pumps this patent, fully adhering to the provisions set forth in the Patents Act of 1970. This patent is set to maintain its validity for a duration of 20 years, commencing from the date of filing.
Previously, the company was granted a comparable patent by the United States Patent and Trademark Office in August 2022. Thus far, the company has secured 4 Patents, while also having submitted 25 Patent applications, spanning both domestic and international jurisdictions.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
