Shakti Pumps (India) Ltd's Stock Reaches All-Time High, Rated 'Strong Buy' by MarketsMOJO

Oct 12 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 12, 2024 and has been consistently outperforming the sector. With a strong buy rating and positive trend, the company shows great potential for growth and success 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 October 12, 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's stock is currently rated as a 'Strong Buy'. The company has also been listed as part of the 'Hidden Turnaround' and 'MOJO Stocks' categories on MarketsMOJO since January 29, 2024 and August 22, 2024 respectively.

The stock's performance today has been impressive, outperforming the sector by 0.92%. It has also been on a consecutive gain streak for the last 4 days, with a 15.79% increase in returns during this period. The stock opened with a gain of 4.85% today and touched an intraday high of Rs. 5151.

Shakti Pumps (India) Ltd's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, the company's stock has shown a remarkable performance, with a 461.59% increase, while the Sensex has only seen a 22.43% growth. This showcases the company's strong potential and growth in the market.

With its impressive performance and positive outlook, Shakti Pumps (India) Ltd is definitely a company to watch out for in the compressors/pumps industry. Investors can expect to see continued growth and success from this midcap company in the future.
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