Shakti Pumps (India) rose 2.74% to Rs 116.20 at 12:10 IST on BSE, extending Thursday's 13.84% rise triggered by the company's strong Q4 March 2014 announced after market hours on Wednesday, 14 May 2014.
Shares of Shakti Pumps India jumped 13.84% to Rs 113.10 on Thursday, 15 May 2014. The stock had risen 16.96% in two session from Rs 99.35 on Wednesday, 14 May 2014.
Meanwhile, the BSE Sensex was up 867.34 points, or 3.63%, to 24,772.94.
On BSE, so far 1.45 lakh shares were traded in the counter, compared with an average volume of 67,865 shares in the past one quarter.
The stock hit a high of Rs 119.45 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 108.10 so far during the day. The stock hit a 52-week low of Rs 38 on 19 August 2013.
The stock had outperformed the market over the past one month till 15 May 2014, rising 24.01% compared with 6.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 56.11% as against Sensex's 17.38% rise.
The small-cap company has an equity capital of Rs 15.24 crore. Face value per share is Rs 10.
Net profit of Shakti Pumps (India) rose 99.38% to Rs 9.71 crore on 90.64% rise in net sales to Rs 98.14 crore in Q4 March 2014 over Q4 March 2013.
Net profit rose 43.69% to Rs 26.51 crore on 41.42% rise in net sales to Rs 306.74 crore in the year ended March 2014 over the year ended March 2013.
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) is a manufacturer and exporter of stainless steel water pumps, motors and solar pumps.
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