Shakti Pumps share price: Although the stock has made some recovery, it is still down around 43% from its 52-week high, and nearly 85% lower than its all-time high of Rs 5,124.80 per share, which it had hit in October last year.
Stocks to Watch, 4 August: Stocks like ABB India, Dilip Buildcon, ITC, Railtel Corporation of India, Hero MotoCorp, Delhivery, MCX, Muthoot Capital Services, Harsha Engineers, Tata Power, and Federal Bank will be in focus on August 4.
Stocks To Watch, Jan 27: Stocks like Balkrishna Industries, JK Cement, IDFC First Bank, Macrotech Developers, Trident, NTPC Green Energy, CreditAccess Grameen, DCB Bank, Bank of India, Torrent Pharmaceuticals, Godrej Consumer Products, RPP Infra Projects, Refex Industries, and Unichem Laboratories will be in focus on January 27.
The board will announce the terms and conditions of the proposed fund raise at a later date, aiming to fund expansion.
The order, valued at Rs 754.30 crore, is expected to be executed within 60 days of receiving.
The pre- and post-acquisition direct and indirect shareholding and control of the promoters and promoter group will remain the same.
Among sectors, auto, FMCG, realty, oil & gas and power were up 0.5-1 percent, while the metal index closed nearly a percent lower in a volatile session of trade
Shakti Pumps stock has delivered multibagger returns of over 230 percent in the last one year, compared to Nifty's returns of 28 percent during this period.
The order include design, manufacture, supply, transport, installation, testing and commissioning and to be completed in 120 days from the date of issue of work order.