Shakti Pumps gains on getting patent for inventing `Helical Pump Arrangement with Anti Vibration Coupling`
Shakti Pumps (India) is currently trading at Rs. 1119.00, up by 8.00 points or 0.72% from its previous closing of Rs. 1111.00 on the BSE.
The scrip opened at Rs. 1115.50 and has touched a high and low of Rs. 1185.00 and Rs. 1108.50 respectively. So far 27151 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. 388.70 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1185.00 and Rs. 1047.10 respectively. The current market cap of the company is Rs. 2042.04 crore.
The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.80% and 42.98% respectively.
Shakti Pumps (India) has received a patent for inventing ‘Helical Pump Arrangement With Anti Vibration Coupling’. 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 is the 11th Patent that the company has secured.
A helical pump featuring an innovative anti-vibration coupling designed to minimize vibrations at the motor shaft. This breakthrough technology offers several advantages for the pump system, including increased motor life by reducing wear and tear, enhanced pump durability, and an extended product life. With lower maintenance requirements, the helical pump becomes a cost-effective and reliable solution for various applications. Shakti Pumps' commitment to innovation underscores its dedication to delivering high-quality, efficient, and long-lasting pumping solutions.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.