Shakti Pumps soars on getting nod to make investments of Rs 114.29 crore in Shakti EV Mobility
Shakti Pumps (India) is currently trading at Rs. 907.25, up by 18.70 points or 2.10% from its previous closing of Rs. 888.55 on the BSE.
The scrip opened at Rs. 910.65 and has touched a high and low of Rs. 917.35 and Rs. 898.65 respectively. So far 2883 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 963.00 on 06-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. 963.00 and Rs. 881.05 respectively. The current market cap of the company is Rs. 1633.17 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 received approval for making the investments of Rs 114.29 crore in the Wholly Owned Subsidiary i.e. Shakti EV Mobility, in one or more tranches, in the next five years. The Board of Directors of the company at its Meeting held on October 11, 2023, has inter-alia, approved the same.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
