Shakti Pumps hits 52-week low; plunges 20% in 1-month on growth concerns

The stock price of the company hit a 52-week low of Rs 473.50 and has almost halved or tanked 48 per cent from its 52-week high of Rs 910 touched on June 8, 2021.

Shares of Shakti Pumps (India) (SPIL) hit a 52-week low at Rs 473.50, down 4 per cent on the BSE in Friday’s intra-day trade amid growth concerns due to rising raw material costs.

The stock of pump & motors maker fell below its previous low of Rs 475 touched on April 19, 2021. In the past one month, the stock has declined 20 per cent, when compared with a 7 per cent fall in the S&P BSE Sensex. The stock price of the company has almost halved or tanked 48 per cent from its 52-week high of Rs 910