Shakti Pumps (India) hits upper circuit on bonus share issue plan

Shakti Pumps (India)

30/09/2024 10:20

** Shares of Shakti Pumps (India)  SHPU.NS  rise as much as
5%, the exchange-allowed upper limit, to 4,270.65 rupees
    ** Pumps and motor maker's board considering issue of bonus
shares in the ratio of 5:1 in the meeting on Oct. 7
    ** More than 32,000 shares change hands, adding to over
872,000 shares traded this month in stock's slowest monthly
trading in 5 months
    ** Stock on track to snap six months of gains
    ** YTD, SHPU up 317%

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))