Shakti Pumps (India) consolidated net profit declines 23.94% in the December 2022 quarter

A common Show Cause Notice (SCN) was issued in September 2022 and alleged that 7 entities did not make any disclosures to the company regrading certain trades during September 2017 to April 2019 period.

Shakti Pumps case: Sebi levied Rs 22 lakh fine on 8 entities for flouting insider trading norms

Shakti Pumps (India) advanced 1.67% to Rs 410.10 after the company’s promoter acquired 12,000 shares of the company from the open market on Monday.

Shakti Pumps gains after promoter entity acquires 12,000 shares from open market

Shakti Pumps (India) Ltd, SMS Pharmaceuticals Ltd, Kopran Ltd and Shiva Mills Ltd are among the other losers in the BSE’s ‘B’ group today, 14 November 2022.

Chemcon Speciality Chemicals Ltd leads losers in ‘B’ group

The Government of Uganda granted the firm a contract in the month of March 2021 for the provision of solar-powered water pumping systems at a contract price of USD 35.30 million, exclusive of VAT.

Shakti Pumps receives advance worth USD $6 million from EXIM Bank; stock rallies ~6%

Shakti Pumps (India) jumped 5.15% to Rs 509.65 after the company announced the receipt of advance worth $6 million from EXIM Bank on behalf of the Government of Uganda to supply solar‐powered water pumping system.

Shakti Pumps soars on receiving $6 mn advance for Uganda project

Shakti Pumps was awarded a contract in the month of March 2021 from the Government of Uganda for supply of solar powered water pumping systems at a contract price of $35.30 million exclusive of VAT.

Shakti Pumps shares gain after it receives $6 million advance from Uganda

On behalf of Govt. of Uganda for supply of powered water pumping systems

Shakti Pumps (India) receives advance worth USD 6 mn from EXIM Bank

Geojit Financial Services Ltd, Shakti Pumps (India) Ltd, Jindal Steel & Power Ltd and Cosmo Films Ltd are among the other losers in the BSE’s ‘A’ group today, 15 July 2022.

Polyplex Corporation Ltd leads losers in ‘A’ group

Shakti Pumps (India) consolidated net profit rises 19.89% in the June 2022 quarter

Patidar said that many youths of the country are wandering here and there without any aim after having different degrees. But when they return after serving under the Agnipath scheme for four years, they will constitute a new society.

Shakti Pumps to give priority in hiring Agniveers

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

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

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

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