Thursday 8 August 2013

Shakti Pumps India gains on bagging contract worth Rs 2.83 crore for solar project

Shakti Pumps India is currently trading at Rs. 40.85, up by 1.30 points or 3.29% from its previous closing of Rs. 39.55 on the BSE.

The scrip opened at Rs. 40.40 and has touched a high and low of Rs. 41.40 and Rs. 40.40 respectively. So far 4,323 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.00 on 07-Dec-2012 and a 52 week low of Rs. 37.15 on 17-Aug-2012.

Last one week high and low of the scrip stood at Rs. 43.90 and Rs. 38.70 respectively. The current market cap of the company is Rs. 62.00 crore.

The promoters holding in the company stood at 44.86% while Institutions and Non-Institutions held 10.48% and 44.66% respectively.

Shakti Pumps India has received a rate contract with Rajasthan Electronics & Instruments, a ‘Mini Ratna’ PSU for 900 pumps with order value Rs 2.83 crore for the solar project.

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’.

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