Shakti Pumps Faces Consecutive Losses Amidst Strong Monthly Performance and Market Resilience

Jan 15 2025 12:35 PM IST
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Shakti Pumps (India) Ltd has faced a decline over five consecutive days, totaling a 17.56% drop. However, the stock has gained 24.39% in the past month, outperforming the Sensex. Despite recent losses, it remains above key moving averages, indicating a positive long-term trend.
Shakti Pumps (India) Ltd has experienced a notable decline of 5.0% on January 15, 2025, marking its fifth consecutive day of losses, with a total drop of 17.56% over this period. Despite this recent downturn, the stock has demonstrated resilience, achieving a significant gain of 24.39% over the past month, outperforming the Sensex, which fell by 6.53% during the same timeframe.

As a midcap company in the compressors and pumps industry, Shakti Pumps has been part of the MOJO Stocks since August 22, 2024, indicating a generally positive market outlook. On this trading day, the stock underperformed its sector by 4.08%, reaching an intraday low of Rs 1102.95. However, it continues to trade above its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a favorable long-term trend despite the recent volatility.
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