Shakti Pumps hits record high after strong Q3 outcome

Shakti Pumps (India) surged 6.59% to Rs 568.05 at 14:35 IST on BSE after consolidated net profit jumped 306.58% to Rs 16.67 crore on 39.43% growth in total revenue to Rs 148.67 crore in Q3 December 2017 over Q3 December 2016.

Meanwhile, the S&P BSE Sensex was up 234.04 points or 0.65% at 36,284.48. The S&P BSE Small-Cap index fell 0.89%, underperforming the Sensex.

On the BSE, 3.42 lakh shares were traded on the counter so far as against average daily volumes of 29,396 shares in the past one quarter. The stock had hit a high of Rs 580 so far during the day, which is a record high. The stock hit a low of Rs 539 so far during the day. The stock had hit a 52-week low of Rs 157.15 on 25 January 2017.

The stock had outperformed the market over the past one month till 25 January 2018, gaining 17.51% compared with the Sensex's 6.22% rise. The stock had also outperformed the market over the past one quarter, advancing 13.22% as against the Sensex's 9.1% rise. The scrip had also outperformed the market over the past one year, surging 237.63% as against the Sensex's 30.11% rise.

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

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

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