Shakti Pumps (India) Ltd.

Shakti Pumps is currently trading at Rs. 106.90, up by 10.50 points or 10.89% from its previous closing of Rs. 96.40 on the BSE.

The scrip opened at Rs. 98.00 and has touched a high and low of Rs. 111.90 and Rs. 96.40 respectively. So far 28797 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 238.10 on 28-Feb-2015 and a 52 week low of Rs. 95.00 on 24-Feb-2016.

Last one week high and low of the scrip stood at Rs. 111.90 and Rs. 95.00 respectively. The current market cap of the company is Rs. 170.79 crore.

The promoters holding in the company stood at 50.09% while Institutions and Non-Institutions held 5.09% and 44.82% respectively.

Finance Minister, Arun Jaitley in its budget has proposed to spend Rs 86,500 crore on irrigation projects in 5 years. The minister has also proposed 89 irrigation projects to be fast tracked.

Shakti Pumps is engaged in manufacturing of energy efficient stainless steel submersible pumps, pump-motors, solar pumps and pressure booster pumps. Pumps manufactured by SPIL find application in irrigation, residential as well as industrial sectors.