India's Shakti Pumps gains on 7.54 bln rupee order win

Shakti Pumps (India)

11/12/2024 10:17

** Shares of Shakti Pumps  SHPU.NS  jumped an
exchange-allowed maximum of 5% before closing 4.4% higher at
815.8 rupees 
    ** Stock gained in last 10 mins of trading 
    ** Industrial machinery firm got order worth 7.54 bln rupees
(about $89 mln) for development of water pumping systems in
Maharashtra state 
    ** Stock was up 0.2% before the announcement 
    ** SHPU logged busiest trading day in seven sessions,
volumes at 1.4x the 30-day avg 
    ** SHPU up 378% YTD, on track to log biggest annual gain in
at least 20 years, per LSEG data 


($1 = 84.8120 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))