India's Shakti Pumps jumps to near 2-yr high on 3.6 bln rupee order win

Shakti Pumps (India)

30/08/2023 06:47

** Shares of Shakti Pumps (India)  SHPU.NS  surge as much as
14% to 818.3 rupees, their highest level since Oct 19, 2021 
    ** Pumps and motors maker receives order worth 3.58 billion
rupees ($43.3 million) from Haryana Renewable Energy Department
for 7,781 pumps
    ** Stock above 50-, 100- and 200- daily moving averages
since Aug 16
    ** More than 827,000 shares change hands in early trade,
2.7x the 30-day avg
    ** Stock up 75.7% so far this year, as of last close


($1 = 82.7450 Indian rupees)

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))