India's Shakti Pumps jumps on $35.27 million work order

Shakti Pumps (India)

15/09/2023 05:25

** Shares of Shakti Pumps  SHPU.NS  rise as much as 14.8% to
903.8 rupees, highest in over a week
    ** Stock set to rise for a second straight session, if gains
hold
    ** Co said on Friday it received letter of award for work
order worth ~2.93 billion rupees ($35.27 million)
    ** Work order for 10,000 pumps
    ** More than 1.3 mln shares change hands by 9:46 AM IST,
2.6x 30-day avg
    ** Volume above 1.2 mln for third session this month 
    ** Stock last up 12.6%, extending YTD gains to ~117% 



($1 = 83.0640 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))