Shakti Pumps on life time high

Shakti Pumps is on a roll today swinging up to a lifetime high at Rs.1269.95, hitting its 20% UC of the day the moment it opened for trade.

The market has given its Q3FY24 earnings a big thumbs up. Its revenue rose by 58% (YoY) at Rs.496 crore on which it posted a net profit of Rs.45 crore, up by a huge 302%.

Two weeks ago, the market had celebrated the receipt of its 10th patent for a surface helical pump construction with collinear flow from the Indian Govt, valid for 20 years, starting from the date of filing.