Shakti Pumps (India) Ltd.

Shakti Pumps (India) is currently trading at Rs. 217.90, up by 5.70 points or 2.69% from its previous closing of Rs. 212.20 on the BSE.

The scrip opened at Rs. 218.30 and has touched a high and low of Rs. 222.00 and Rs. 216.00 respectively. So far 11692 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 279.80 on 09-Sep-2014 and a 52 week low of Rs. 72.00 on 14-Mar-2014.

Last one week high and low of the scrip stood at Rs. 225.60 and Rs. 211.00 respectively. The current market cap of the company is Rs. 348.66 crore.

The promoters holding in the company stood at 47.75% while Institutions and Non-Institutions held 6.04% and 46.21% respectively.

Shakti Pumps (India) is aiming to clock revenue of Rs 5,000 crore within next five years with the help of overseas acquisitions to strengthen its global footprints.

The company is looking to strengthen its brand in the overseas market. For this purpose the company is looking at acquiring pump companies mainly in the US and Europe with good available network, from which it can leverage.

Shakti Pumps was incorporated to manufacture submersible pumps and electric control panels. The company is engaged in the business of manufacturing of submersible pumps along with submersible motors and associated controls panels under the name ‘Shakti’.