Shakti Pumps (India) Ltd Surges to 52-Week High, Outperforming Sector and Sensex

Jul 08 2024 09:36 AM IST
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Its stock price reached a 52-week high of Rs. 4650 on July 8th, and has been consistently trading above its moving averages, showcasing its strength in the market.

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 July 8th, the company's stock price reached a 52-week high of Rs. 4650, which is also an all-time high for the company. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

What's even more impressive is that Shakti Pumps has been a part of the Hidden Turnaround list on MarketsMOJO since January 29th, indicating a positive trend for the company. The stock's performance today has been in line with the sector, and although it has fallen after 7 consecutive days of gains, it still touched an intraday high of Rs. 4650, showing its strength in the market.

In terms of moving averages, Shakti Pumps is trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive sign for the company's stock. In fact, the company's 1-year performance has been an impressive 628.66%, compared to the Sensex's performance of 22.55%.

Shakti Pumps (India) Ltd has been making strides in the compressors/pumps industry, and its recent stock performance is a testament to its growth and potential. With a strong track record and positive indicators, the company is definitely one to watch in the midcap segment.
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