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Shakti Pumps extends gain after institutional buying

The stock was up 4% to Rs 551, extending its Friday's 1% gain on BSE in otherwise weak market, after Portfolio Management Schemes of Old Bridge Capital Management bought 81,434 shares from open market

SI Reporter  |  Mumbai 

Shakti Pumps extends gain after institutional buying

(India) has rallied 4% to Rs 551, extending its Friday’s 1% gain on in otherwise weak market, on institutional buying. On February 1, 2018 bought 81,434 shares representing 0.43% stake in through open market. Post acquisition, total holding of in increased to 5.3% from 4.87% earlier. The name of the sellers not ascertained immediately. (India) is a leading manufacturer of stainless steel submersible pumps and motors.

It offers products including solar pumps, pressure booster pumps, sewage pumps, suction pumps, and open well pumps. At 11:26 AM; the stock was trading 3.9% higher at Rs 549 on as compared to 0.68% decline in the S&P Sensex. A combined 233,407 shares changed hands on the counter on and NSE.

First Published: Mon, February 05 2018. 11:41 IST
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