India's Shakti Pumps rises on $31 mln order win

Shakti Pumps (India)

29/12/2023 04:49

** Shares of Shakti Pumps  SHPU.NS  are up ~4% at 10.40
rupees 
    ** Co wins order for solar water pumping systems worth 2.58
billion rupees ($31.03 million)
    ** Stock rose as much as ~9% marking its biggest intraday
pct gain in more-than two months
    ** SHPU sees most active day since late Oct., when the co
had risen on securing patent; Vols at ~6x the 30-day avg     
    ** Stock is up ~150% in 2023, set for its biggest year gain
since 2017


($1 = 83.1540 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))