Shakti Pumps shines on getting LoA from Department of Agriculture
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Shakti Pumps (India) is currently trading at Rs. 887.25, up by 99.95 points or 12.70% from its previous closing of Rs. 787.30 on the BSE.
The scrip opened at Rs. 819.55 and has touched a high and low of Rs. 902.65 and Rs. 801.90 respectively. So far 96273 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. 902.65 and Rs. 729.45 respectively. The current market cap of the company is Rs. 1447.07 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 Letter of Award under PM- KUSUM III scheme under component-B from Department of Agriculture, Uttar Pradesh for Supply, Installation and commissioning of solar water pumping systems. The total amount of the work order is for around Rs 293 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.
