India's Shakti Pumps gains on $11 mln order win

Shakti Pumps (India)

15/03/2024 04:21

** Shares of Shakti Pumps  SHPU.NS  rise max-allowed 5% to
1,279.7  rupees
    ** Industrial machinery and equipment maker said on Thursday
it got a 930 mln rupees ($11.2 mln) order from Maharashtra
Energy Department
    ** Order for 3,500 solar photovoltaic water pumping system
    ** Stock gained max-allowed 5% on Thursday as well
    ** SHPU trading above its 200-day simple moving avg since
mid-May
    ** Stock up 0.4% for the week; set to snap three-week losing
streak, if trend holds



($1 = 82.9570 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))