Stock market today: Multibagger Shakti Pumps India Ltd The stock price gained 5% on Monday and was also stuck in the upper circuit.

Shakti Pumps share price opened at ₹828, on the BSE on Monday, up 5% from the previous close of ₹788.60. The Shakti Pumps share price subsequently continued to trade at levels similar to those of ₹828 remained the upper price limit of the stock.

Shakti pumps its share price, which has increased almost 5-fold in one year. Multibagger returns for investors.

Shakti Pumps stock is trading today in Ex-Bonus mode

Shakti Pumps had announced on November 11 that it had fixed Monday, November 25, 2024 as the registration date for the purpose of determining the shareholders of the Company eligible for bonus shares of the Company. So, investors whose names appear today as eligible shareholders will receive 5 hares from Shakti Pumps for one share they hold.

Earlier on October 7, 2024, Shakti Pumps had hinted at trading in favor of the proposed resolution for allotment of bonus shares of Rs.10/- (Rs. 10 only), each credited as fully paid-up to eligible members of the company holding shares of Rs. 10/- (Ten Rupees only) each whose names appear in the Register of Members/Register of Beneficial Owners as on a “Registration Date” to be determined by the Board on such effect, in the proportion of 5:1, i.e. 5 (Five) new fully paid-up capital share of Rs. 1,000,000. 10/- (ten rupees only) each for every 1 (one) fully paid-up existing capital share of Rs. 10/- (ten rupees only) each held by them.

As the issue of bonus shares had led to the Shakti Pump share price hitting its 1-year or 52-week high. ₹860.22 on November 10, the company also reported decent second quarter performance.

Decent second quarter results- Shakti Pumps reported revenues at ₹634.59 crores are multiplied by 4 from ₹152.78 crore in the last year quarter. The consolidated net income at ₹101.42 crrre were also multiplied by ₹5.84 crores in the last year quarter.

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