5 Free Shares Recommended, 317% Return: Small Cap Diesel Engines Stock Hits Lower Circuit

Shakti Pumps (India) Ltd shares today hit 5% lower circuit on BSE as Sensex plunged 638 points to 81,050. Today, Shakti Pumps (India) Ltd recommended 5:1 bonus shares to its shareholders and record date for bonus shares will be declared soon, as per the BSE filing of the company. Last trading price of Shakti Pumps shares on BSE is Rs 4305.00 per share. Shakti Pumps has a market capitalisation of Rs 8625.11 crore. Shakti Pumps shares offered phenomenal returns to shareholders in last few years. The stock rallied 317% so far in 2024 and 740% in last 2-years span. Key details below:

Shakti Pumps Recommends Bonus Shares: As per the exchange filing of Shakti Pumps dated October 7, 2024, "recommended issue of Bonus Shares in the ratio of 5:1 i.e., 5 (Five) new fully paid up equity share of Rs.10/- (Rupees Ten only) each for every 1 (One) existing fully paid up equity share of Rs.10/- (Rupees Ten only) each to the eligible Shareholders of the Company as on the record date, subject to the approval of Members of the Company through postal ballot process."

Record Date to determine the eligible shareholders for Bonus Equity Shares shall be intimated in due course of time to the exchanges separately, added the exchange filing:

Approves Increase In Authorised Share Capital: The exchange filing also stated, "approved the increase in the Authorized Share Capital of the Company from Rs. 40,00,00,000/- (Rupees Forty Crores Only) to Rs. 190,00,00,000/- (Rupees One Hundred Ninety Crores only) subject to approval of Members of the Company through postal ballot process."

Shakti Pumps Dividend History: Shakti Pumps (India) announced 17 dividends since November 2, 2006. In last 1-year, Shakti Pumps announced an equity dividend amounting to Rs 2.00 per share.

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 881.05 per share (as on 10/10/2023), respectively. Shakti Pumps shares zoomed 197% in last 6-months only, gained 370% in last 1-year, and offered stunning surge of 1542% 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.

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The stock highlights the dividend 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.