Shakti Pumps gains on getting 8th patent for Helical Pump Assembly
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Shakti Pumps is currently trading at Rs. 1003.05, up by 9.25 points or 0.93% from its previous closing of Rs. 993.80 on the BSE.
The scrip opened at Rs. 990.05 and has touched a high and low of Rs. 1005.00 and Rs. 990.05 respectively. So far 1545 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1224.65 on 20-Oct-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. 1049.15 and Rs. 986.00 respectively. The current market cap of the company is Rs. 1839.95 crore.
The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.86% and 42.93% respectively.
Shakti Pumps (India) has successfully obtained its 8th patent for its ground?breaking pump design for inventing a ‘Helical Pump Assembly’. 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 duration of 20 years, commencing from the date of filing.
This pioneering pump represents a significant breakthrough, precisely engineered for efficient pumping at elevated pressures, promising an economically viable solution that propels pump technology into a new era.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
