Shakti Pumps (India) Ltd Soars to All-Time High, Receives 'Strong Buy' Rating

Oct 13 2024 09:20 AM IST
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Shakti Pumps (India) Ltd, a midcap company in the compressors/pumps industry, has been making headlines in the stock market with its recent performance. Its stock price reached an all-time high of Rs. 5151 on October 13, 2024 and has been on a winning streak for the past four days. With a 'Strong Buy' rating and impressive growth in the past year, the company shows strong potential for future success.

Shakti Pumps (India) Ltd, a midcap company in the compressors/pumps industry, has been making waves in the stock market with its recent performance. On October 13, 2024, the company's stock price reached an all-time high of Rs. 5151, making it a hot topic among investors.

According to MarketsMOJO, a leading stock analysis platform, Shakti Pumps (India) Ltd has been given a 'Strong Buy' rating, indicating a positive outlook for the company's future. It has also been identified as a part of the Hidden Turnaround and MOJO Stocks on MarketsMOJO since January 29, 2024 and August 22, 2024 respectively.

The stock has been on a winning streak, gaining for the last four consecutive days and outperforming the sector by 0.92%. Today, it opened with a gap up of 4.85% and touched an intraday high of Rs. 5151. This impressive performance can also be seen in comparison to its moving averages, as it is currently trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Shakti Pumps (India) Ltd has shown a remarkable growth of 461.59%, while the Sensex has only grown by 22.43%. This highlights the company's strong performance and potential for future growth.

With its strong financials and positive market sentiment, Shakti Pumps (India) Ltd is definitely a stock to watch out for in the compressors/pumps industry. Investors can expect to see continued growth and success from this midcap company in the coming years.
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