Shakti Pumps (India) fell 4.97% to Rs 538.70 at 12:47 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 213.75 points or 0.59% at 36,059.50. The S&P BSE Small-Cap index declined 0.95%, underperforming the Sensex.
On the BSE, 68,000 shares were traded on the counter so far as against average daily volumes of 36,327 shares in the past one quarter. The stock had hit a high of Rs 568 and a low of Rs 530.85 so far during the day. The stock had hit a record high of Rs 580 yesterday, 29 January 2018 and a 52-week low of Rs 157.80 on 27 January 2017.
The stock had outperformed the market over the past one month till 29 January 2018, gaining 24.95% compared with the Sensex's 6.54% rise. The stock had also outperformed the market over the past one quarter, advancing 20.93% as against the Sensex's 9.43% rise. The scrip had also outperformed the market over the past one year, surging 253.51% as against the Sensex's 30.13% rise.
The small-cap company has equity capital of Rs 18.38 crore. Face value per share is Rs 10.
Shares of Shakti Pumps (India) had rallied 12.29% in the preceding two trading sessions to settle at Rs 566.85 yesterday, 29 January 2018, from its closing of Rs 504.80 on 24 January 2018. The stock had settled higher by 6.36% in a single trading session yesterday, 29 January 2018 after the company reported strong Q3 results during market hours on that day.
Shakti Pumps (India)'s consolidated net profit jumped 306.8% to Rs 16.68 crore on 41.9% growth in net sales to Rs 147.67 crore in Q3 December 2017 over Q3 December 2016.
Shakti Pumps (India) is a manufacturer and exporter of stainless steel water pumps, motors and solar pumps.
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