India's Shakti Pumps extends gains on investment plans for unit

Shakti Pumps (India)

08/12/2022 09:54

** Shares of Indian pumps and associated parts maker Shakti
Pumps (India) Ltd  SHPU.NS  rise as much as 2.6% to 427 rupees
    ** Stock of SHPU hits highest level since Dec 2, marks third
consecutive session of gains
    ** SHPU said it has invested 10 million rupees 
($121,350.39) in unit Shakti Green Industries  urn:newsml:reuters.com:*:nFWN32Y0HH
    ** More than 64,000 shares change hands, 0.8x the 30-day avg
of 83,634 shares
    ** Stock down 34.9% YTD, as of last close
     ($1 = 82.4060 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))