Shakti Pump Share Price Surges by 5% to Reach New High at ₹2,506.20
Investing in the stock market can be risky, but sometimes it can also be very rewarding. Shakti Pump shares saw a 5% increase on Wednesday, reaching a new high of ₹2,506.20, as the stock has been consistently performing well in the market.
With positive results and strong order flow in the fourth quarter from January to March, Shakti Pump’s stock looks promising for the future, delivering attractive returns of up to 410% compared to last year. Investors who invested ₹1 lakh in this share a year ago would have seen a five-fold return.
On Saturday, the share price rose by 5.31% to ₹2,689, marking a more than 135% increase in the past six months. Overall, Shakti Pump shares have gained nearly 140% compared to last year, providing investors with a return of 2.35 times their investment.
The 52-week high for Shakti Pump shares is ₹2,506.20, while the lowest level is ₹422.90. This shows a significant growth from May 15, 2020, when the share price was ₹155.95. Investors who put in ₹1 lakh at that time would now have around ₹16 lakhs.
In the March 2024 quarter, Shakti Pump recorded a profit of ₹89.70 crores, a substantial increase from ₹2.2 crores in the same period last year. The company’s revenue also tripled to ₹609.3 crores in the March 2024 quarter, compared to ₹182.7 crores in the previous year.
Overall, Shakti Pump shares continue to show strong performance in the market, making it an attractive option for investors looking for good returns.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
