India's Shakti Pumps gains on receiving patent

Shakti Pumps (India)

24/05/2024 06:32

** Shares of Shakti Pumps  SHPU.NS  rise 3.3% to 2,738
rupees
    ** Industrial machinery and equipment co said on Thursday it
received patent for motor technology
    ** SHPU trading above its 200-day simple moving avg since
mid-May, 2023
    ** Stock up 40% so far in May, eyes third consecutive
monthly gain


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