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Shakti Pumps drops after recent sharp rally

Capital Market |  Jun 29, 2017 12:17 PM IST

Shakti Pumps (India) fell 2.1% to Rs 462.15 at 12:15 IST on BSE, with the stock sliding on profit booking after yesterday's rally.

Meanwhile, the S&P BSE Sensex was up 247.02 points, or 0.8% at 31,081.34. The S&P BSE Small-Cap index was up 198.45 points, or 1.31% at 15,359.77.

On the BSE, 1.55 lakh shares were traded on the counter so far as against the average daily volumes of 1.44 lakh shares in the past one quarter. The stock had hit a high of Rs 483.75 so far during the day, which is also its record high. The stock hit a low of Rs 457 so far during the day. The stock had hit a 52-week low of Rs 114.35 on 9 November 2016.

The stock had outperformed the market over the past one month till 28 June 2017, advancing 16.51% compared with the Sensex's 0.62% fall. The scrip had also outperformed the market over the past one quarter gaining 138.17% as against the Sensex's 4.84% rise. The scrip had also outperformed the market over the past one year advancing 212.31% as against the Sensex's 16.25% rise.

The small-cap company has equity capital of Rs 18.38 crore. Face value per share is Rs 10.

Shares of Shakti Pumps (India) had rallied 12.55% in the preceding one trading session to settle at Rs 472.05 yesterday, 28 June 2017, from its close of Rs 419.40 on 27 June 2017.

Shakti Pumps (India)'s net profit spurted 4872.7% to Rs 10.94 crore on 124% increase in net sales to Rs 163.64 crore in Q4 March 2017 over Q4 March 2016.

Shakti Pumps (India) is a manufacturer and exporter of stainless steel water pumps, motors and solar pumps.

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