News for Shakti Pumps (India) Limited (SHAKTIPUMP.BO)

Shakti Pumps shares zoomed 5% to a high of Rs 1274 on BSE. Total 0.52 lakh shares of Shakti Pumps changed hands amounting to a turnover of Rs 6.50 crore.

Shakti Pumps invests ₹3.8 crore in subsidiary SESPL for solar energy solutions expansion, boosting business operations.

Shakti Pumps (India) Ltd, now commands m-cap of Rs 12,156.90 crore ($1.43 billion), as the stock climbed 494 per cent in 2024 to Rs 1,011.30 apiece against Rs 170.18 per share at 2023 end.

Stocks including Zomato, Escorts Kubota, RVNL, Cochin Shipyard, Alembic Pharma, RITES, Auro Pharma, HG Infra, CESC and more will be in the spotlight on Monday, November 26.

Over 34 companies will have their shares trade ex-dividend, with actions such as dividend payouts, bonus issues, amalgamations, and stock splits scheduled for the next five days.

Stocks including Zinka Logistics, Infosys, Afcons Infra, Tata Power, Raymond, Mphasis, SJVN, Protean eGov Technologies more will be in the spotlight on Friday, November 22.

Shakti Pumps announced a 5:1 bonus share issue. The record date for determining eligibility is October 7, 2024. The bonus shares will be issued subject to shareholder approval through a postal ballot process.

The Multibagger stock closed 4.90% lower at Rs 4309.40 in the current session against the previous close of Rs 4531.45 on BSE. Market cap of the firm slipped to Rs 8,633.93 crore.

The multibagger stock hit upper circuit of 5% at Rs 4295.45 against the previous close of Rs 4090.95 on BSE. Market cap of the firm rose to Rs 8,605.98 crore.

Midcap, smallcap stocks: The market rally in the past few months, including the mid-and small-cap segments, analysts believe, has been on the back of strong inflow from the DIIs

Genus Power Infrastructure, Shakti Pumps (India), Gallant Ispat, Suraj Estate Developers, Panacea Biotec, Suzlon and Elpro Intl among BSE Allcap index were frozen at the highest limit for the day.

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.

IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen upper circuit at the 20 per cent upper limit on the BSE.

FIIs offloaded shares worth Rs 7,693 crore during the April-June quarter, while DIIs bought shares worth Rs 1,28,740 crore during the same period

Disconnect between earnings growth and stock prices, Bernstein said, is even more visible in the small-and mid-cap (SMID) universe

Elections 2024: RattanIndia Power Ltd has been the only smallcap stock from the BSE Smallcap index that doubled investor wealth since April 19, the day six-week long elections kicked off.

Multi Commodity Exchange of India, Mahindra Logistics and Dolat Agrotech posted a 1,512%, 1,467% and 1,048% rise in net profit in Q4FY24.

Stocks to watch: Check out the companies making headlines before the opening bell today, on March 15, 2024.

A breakout above 22,150, Nifty may experience upward momentum, potentially reaching levels such as 22,500 and beyond, says Rupak De, Senior Technical Analyst, LKP Securities.