Shakti Pumps, Pokarna, Gokul Agro Resources, Foseco India and GHCL Textiles from the BSE Smallcap index hit their respective record highs, rallied by up 17% in otherwise a weak market.

These 5 smallcap stocks hit new highs; zoomed up to 110% from June lows

If stock prices are slaves to earnings in the long run then it makes sense on Dalal Street to look for a company that has reported robust financial results for the quarter ended June 30.

Zomato, Suzlon, PNB, Shakti Pumps: These 120 firms posted over 100% jump in profit in Q1. Should you buy?

Shakti Pumps (India) wins order of Rs 558.16 cr

Shakti Pumps Share Price: The uptick in stock price came after the company announced that it has secured Letter of Intent (LoI) for an order worth Rs 558.16 crore from Department of Agriculture, Uttar Pradesh.

Shakti Pumps shares locked in 5% upper circuit on Rs 558 crore-order win

While Elgi Equipments shares climbed 3.27% to Rs 703 in early deals, stock of Shakti Pumps climbed 5% to Rs 4299.85 on BSE.

Union Budget 2024: Elgi Equipments, Shakti Pumps shares rise up to 5% ahead of FM’s speech, here’s why

Shakti Pumps on Monday said it has posted a manifold jump in its consolidated profit after tax to Rs 92.6 crore during the June 2024 quarter, on the back of higher revenues and healthy order book.

Shakti Pumps Q1 result: Net profit jumps to Rs 93 cr, revenue up four-fold

Shares of Shakti Pumps were locked in a 5 per cent upper circuit at Rs 4,095.10 per share on the BSE in Monday’s intraday deals

Shakti Pumps stock locks in 5% upper circuit post robust Q1 earnings

Earnings

Shakti Pumps (India) consolidated net profit rises 9166.00% in the June 2024 quarter

Corporate

Shakti Pumps wins order of Rs 33 cr from MEDA

Shakti Pumps (India) hit a new high of Rs 4,240.80 and has surged 27 per cent in past one week

This smallcap stock has zoomed 251% against QIP price in less than 4 months

The uptick in Shakti Pumps stock price came after the company announced that its Long term rating has been upgraded

Shakti Pumps shares locked in 5 upper circuit on Long term rating upgrade

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Shakti Pumps (India) Limited is a stainless steel pump manufacturer.