For the third straight day, Shakti Pumps, a leading manufacturer of solar pumps and motors in India, had a 5% increase in its shares during intraday trading, with the shares reaching Rs 4,516.
After a brief period of profit-taking, the company’s latest rise occurred as a result of investors’ enthusiastic response to its impressive June quarter results, which were above market expectations.
The firm recorded an impressive increase in consolidated profit after tax (PAT) for the quarter ended June 2024, reaching ₹92.6 crore from ₹1.0 crore the previous year. This represents a sequential gain of 3.3%.
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