India's Shakti Pumps hits 1-mth high on securing patent

Shakti Pumps (India)

10/04/2023 10:28

** Shares of Shakti Pumps  SHPU.NS  rise as much as 4.64% to
a one-month high of 442 rupees
    ** The pumps and motors maker secures an Indian patent for
"switching circuit to start single phase inductor motor", its
third patents to date
    ** SHPU says its invention removes complications in circuits
and voltage drop and increases precision of switching
    ** Trading volume is 76,969 shares as of 2:51 p.m. IST, 1.5
times the 30-day avg - Refinitiv data
    ** Stock last up 2.6%, taking its YTD gains to 6.1%

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))