Shakti Pump'ed' up
By
Ruma Dubey
about 2 years ago
Shakti Pumps is in the limelight. The stock, which had closed at Rs.577.75, opened at Rs.560, went up to an intraday high at Rs.690.20, just a tad away from its 20% UC of the day at Rs.693.30.
The stock price rose after the Board of the company approved the incorporation of wholly owned subsidiary to do business in segment of EV motor, EV charger, Multi Application VFD for automobiles.
The company is India's largest manufacturer of 100 % stainless steel pumps & energy efficient motors; with a presence over 125 plus countries.