This Solar Pump Company Stock Hits Upper Circuit and 52-Week High; SBI Mutual Fund and LIC Mutual Fund Each Bought 4.13 per cent Stake!

The company’s shares have delivered an impressive multibagger return of over 500 per cent in just 1 year.

Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. The company also offers advanced water pumping solutions for a wide range of applications, including irrigation, horticulture, domestic water supply, and commercial and industrial uses. Its brand, "Shakti," is well-received in both domestic and international markets. Today the company saw a significant spike in both the share price and volumes in today.

At the start of the day's trading session, the share of Shakti Pumps (India) Ltd opened at Rs 3520 per share, compared to the previous day's closing figure of Rs 3490.65 per share on the BSE. Finally, the shares closed at Rs 3665.15 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization of Shakti Pumps (India) Ltd stands at Rs 7343.16 crore, and the stock has generated an impressive multibagger return of around 518 per cent in just 1 year. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Shakti Pumps (India) Ltd recorded a revenue of Rs 609 crore. The operating profit for Q4 FY24 stood at Rs 131 crore. The net profit for Q4 FY24 was Rs 90 crore. Looking at the annual performance, the company generated a revenue of Rs 1371 crore in FY24, compared to Rs 968 crore in FY23. The operating profit for FY24 was Rs 225 crore, with a net profit of Rs 142 crore.

Regarding the shareholding pattern, the promoters own 51.57 per cent of the company and the public or retail investors hold 38.96 per cent. FIIs and DIIs holds 0.77 per cent and 8.68 per cent respectively.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.