Shakti Pumps spurts to 52-week high after stellar Q4 outcome

Shakti Pumps India surged 12.03% to Rs 111.30 at 12:11 IST on BSE after net profit jumped 99.4% to Rs 9.71 crore on 90.6% increase in net sales to Rs 98.14 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced after market hours on Wednesday, 14 May 2014.

Meanwhile, the S&P BSE Sensex was down 31.92 points, or 0.13%, to 23,783.20

On BSE, so far 6.18 lakh shares were traded in the counter compared with average volume of 51,230 shares over the past one quarter.

The stock hit a 52-week high of Rs 113.90 in intraday trade today, 15 May 2014. The stock hit a low of Rs 104 so far during the day. The stock had hit a 52-week low of Rs 38 on 19 August 2013.

The stock had outperformed the market over the past one month till 14 May 2014, rising 8.76% compared with 5.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 37.13% as against Sensex's 16.93% rise.

The small-cap stock has an equity capital of Rs 15.24 crore. Face value per share is Rs 10.

On a consolidated basis, Shakti Pumps India's net profit rose 48.5% to Rs 24.98 crore on 39.9% increase in net sales to Rs 292.09 crore in the year ended 31 March 2014 over the year ended 31 March 2013.

Shakti Pumps India's Board of Directors of the company at its meeting held on Wednesday, 14 May 2014, recommended final dividend of Rs 2 per share for the year ended 31 March 2014.

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