Shakti Pumps (India) is currently trading at Rs. 737.85, up by 20.20 points or 2.81% from its previous closing of Rs. 717.65 on the BSE.
The scrip opened at Rs. 719.40 and has touched a high and low of Rs. 747.50 and Rs. 706.00 respectively. So far 5581 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 910.00 on 08-Jun-2021 and a 52 week low of Rs. 162.45 on 28-Sep-2020.
Last one week high and low of the scrip stood at Rs. 747.50 and Rs. 682.85 respectively. The current market cap of the company is Rs. 1358.29 crore.
The promoters holding in the company stood at 54.66%, while Institutions and Non-Institutions held 3.81% and 41.53% respectively.
Shakti Pumps is eyeing more than double the topline to Rs 2,000 crore this fiscal on the back of more adoption of its products by farmers which is being driven by the heavy central and state subsidies that run up to 90 per cent. The company closed FY21 with a topline of Rs 930 crore, which was nearly three times its previous year revenue.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
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