Shakti Pumps (India) Ltd Surges 5% and Outperforms Sector, Receives 'Buy' Call from MarketsMOJO

Oct 03 2024 09:35 AM IST
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Shakti Pumps (India) Ltd, a midcap company in the compressors/pumps industry, has been gaining attention in the stock market with its recent performance. On October 3rd, 2024, the stock rose 5.0%, outperforming the sector by 6.21%. This trend has been consistent for the past four days, with a 16.07% increase. MarketsMojo has given a 'Buy' call for the stock and it has been trading higher than its moving averages, indicating a strong upward trend. Shakti Pumps (India) Ltd has also outperformed the Sensex in the past month and is a stock to watch in the industry.

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 3rd, 2024, the stock gained 5.0%, outperforming the sector by 6.21%. This positive trend has been consistent for the past four days, with the stock rising 16.07% in that period.

MarketsMOJO, a leading stock analysis platform, has given a 'Buy' call for Shakti Pumps (India) Ltd. The stock has also been a part of the Hidden Turnaround and MOJO Stocks lists on MarketsMOJO since January 29th, 2024 and August 22nd, 2024 respectively.

In terms of price performance, Shakti Pumps (India) Ltd has been trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a strong upward trend for the stock.

On the day of the stock's 5% gain, it opened with a gap up of 4.19%, reaching an intraday high of Rs 4735.7. This shows a high level of investor interest and confidence in the company.

Compared to the performance of the Sensex, Shakti Pumps (India) Ltd has outperformed with a 5.00% gain, while the Sensex has seen a -0.63% decline. In the past month, the stock has also outperformed the Sensex with a 7.39% gain, while the Sensex has only seen a 1.42% increase.

With its strong performance and positive outlook, Shakti Pumps (India) Ltd is definitely a stock to watch out for in the compressors/pumps industry.
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