2nd Bonus Issue Tomorrow After 13 Years: Diesel Engines Stock Zooms 10.77%

Shakti Pumps (India) Ltd shares have been witnessing stunning rally since last few months. Now the company is all set to offer bonus share on October 7, 2024 after a gap of 13 years. It recommended its last bonus shares in 2011 in the ratio of 1:1 and shares traded ex-bonus on April 28, 2011. Last trading price of Shakti Pumps shares on BSE is Rs 4531.45 per share. The company's market capitalisation stood at Rs 9078.81 crore on BSE as on October 4, 2024. Shakti Pumps share rallied 429% in last 1-year. Check details below:

Shakti Pumps (India) Ltd Set To Recommend Bonus Shares: As per the exchange filing of Shakti Pumps (India) Ltd dated September 30, 2024, "to consider the proposal for issue of bonus shares in the ratio of 5:1 i.e., 5 (Five) new fully paid up equity share of ₹ 10/- (Rupees Ten only) each for every 1 (One) existing fully paidup equity share of ₹ 10/- (Rupees Ten only) to the equity shareholders of the Company subject to the approval of Shareholders of the Company."

Shakti Pumps Dividend History: Shakti Pumps recommended 18 dividends since November 2, 2006. In last 1-year, Shakti Pumps announced an equity dividend amounting to Rs 4.00 per share. At the current share price of Rs 4531.45, Shakti Pumps offers a dividend yield of 0.09%.

Shakti Pumps Shareholding: FII/FPI have increased holdings from 0.77% to 2.32% in June 2024 quarter. Number of FII/FPI investors increased from 32 to 49 in June 2024 quarter. Mutual Funds have decreased holdings from 8.26% to 6.59% in June 2024 quarter. Number of MF schemes remains unchanged at 2 in June 2024 quarter. Institutional Investors have decreased holdings from 9.45% to 9.17% in June 2024 quarter. LIC Mutual fund's stake stood at 4.05% in Shakti Pumps as of June 2024 quarter, according to Trendlyne.

Shakti Pumps Shares Performance: The 52-week high price of Shakti Pumps shares on BSE is Rs 5089.30 per share (as on 06/08/2024) and 52-week low price is Rs 864.55 per share (as on 05/10/2023), respectively. Shakti Pumps shares surged 339% year-to-date, gained 778% in last 2-years, and offered attractive rally of 1602% in last 5-years.

About: Shakti Pumps: Shakti Pumps (India) Limited, a pioneer in manufacturing of energy-efficient pumps and motors since 1982. The company is at the forefront of providing a variety of renewable energy solutions, primarily for the agriculture sector.

Disclaimer:

The stock highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.