Shakti Pumps hits 52-week high on bagging work order worth Rs 358 crore
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Shakti Pumps (India) is currently trading at Rs. 829.40, up by 111.15 points or 15.48% from its previous closing of Rs. 718.25 on the BSE.
The scrip opened at Rs. 717.50 and has touched a high and low of Rs. 839.10 and Rs. 717.50 respectively. So far 118021 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 845.00 on 30-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. 845.00 and Rs. 702.05 respectively. The current market cap of the company is Rs. 1441.00 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 its first work order under the KUSUM-3 scheme from Haryana Renewable Energy Department (HAREDA) for 7,781 pumps. The total amount of the work order is for around Rs 358 crore (inclusive of GST).
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
