India's Shakti Pumps up on receiving 20-year patent

Shakti Pumps (India)

04/09/2023 07:09

** Shares of Shakti Pumps  SHPU.NS  rise as much as 7.9% to
925 rupees, highest since Aug. 31
    ** Co received 20-year patent for high starting-torque,
direct-line operated, energy-efficient motor from the Indian
government
    ** SHPU trading above its 50-day, 100-day and 200-day simple
moving averages, indicating bullish sentiment
    ** More than 842,950 shares change hands by 11:30 a.m. IST
vs 1.7x 30-day avg of 507,115 shares
    ** Stock up 109.9% so far this year up to last close


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