Shakti Pumps (India) Share Price | The company received order from MSEDC to supply 34,720 OffGrid DC Solar Photovoltaic Water Pumping Systems
Stocks to Watch, 15 September: Stocks like Gem Aromatics, Tata Technologies, Shakti Pumps India, Alembic Pharmaceuticals, Diamond Power Infrastructure, Engineers India, RailTel Corporation of India, Adani Power, Dr Reddy’s Laboratories, Ceigall India, and Apollo Hospitals Enterprises will be in focus on September 15.
Shakti Pumps specialises in manufacturing pumps, motors, and spare parts
The stock has delivered a remarkable performance in 2024, up 368 percent year-to-date, significantly outpacing the Nifty 50's 11 percent gain.
The record date, which determines the eligibility of shareholders for the bonus shares, has not been fixed yet. The company noted that it would inform the exchanges about the record date "in due course of time."
In the last three years, the stock is up 512.94 percent, outperforming benchmark Sensex that rose only by 42.59 percent during the same period.
So far this year, shares of Shakti Pumps more-than-doubled over 178 percent, outperforming benchmark Nifty 50 index that rose only by 8 percent during the same period.
Shakti Pumps is a leading maker of solar stainless-steel submersible pumps, pressure booster pumps, controllers, invertors, and other products
The board of directors will be meeting on January 18 to consider the raising of funds.