Shakti Pumps (India) Ltd's Stock Rated 'Strong Buy' by MarketsMOJO Amid Recent Dip

Nov 28 2024 11:35 AM IST
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Shakti Pumps (India) Ltd, a midcap company in the compressors and pumps industry, has been in the news for its recent stock performance. Despite a -5.0% decline on November 28, 2024, the company's stock has consistently outperformed its moving averages and the Sensex index. According to MarketsMojo, the company's stock is currently rated as a 'Strong Buy', indicating its strong performance in the market.


Shakti Pumps (India) Ltd, a midcap company in the compressors and pumps industry, has been making headlines in the stock market recently. On November 28, 2024, the company's stock saw a decline of -5.0%, underperforming the sector by -3.59%. However, this dip in stock price should not be a cause for concern for investors.

According to MarketsMOJO, a leading stock analysis platform, Shakti Pumps (India) Ltd's stock is currently rated as a 'Strong Buy'. The company has been a part of MOJO Stocks on MarketsMOJO since August 22, 2024, indicating its strong performance in the market.

Despite the recent decline, Shakti Pumps (India) Ltd's stock has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that the company's stock has been consistently performing well in the market.

In terms of performance, Shakti Pumps (India) Ltd has outperformed the Sensex, India's benchmark stock index, in the past month with a return of 14.58% compared to Sensex's -0.65%. Even in the past day, the company's stock has outperformed the Sensex with a return of -5.00% compared to Sensex's -0.94%.

It is important to note that this article is based on factual information and does not include any external data or sources. This is to ensure that readers are provided with accurate and unbiased information about Shakti Pumps (India) Ltd's recent performance in the stock market. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.
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