(India) has rallied 4% to Rs 551, extending its Friday’s 1% gain on BSE
in otherwise weak market, on institutional buying.
On February 1, 2018 Portfolio Management Schemes of Old Bridge Capital Management
bought 81,434 shares representing 0.43% stake in Shakti Pumps
through open market.
Post acquisition, total holding of Portfolio Management Schemes of Old Bridge Capital Management
in Shakti Pumps
increased to 5.3% from 4.87% earlier.
The name of the sellers not ascertained immediately.
(India) is a leading manufacturer of stainless steel submersible pumps and motors. It offers products including solar pumps, pressure booster pumps, sewage pumps, suction pumps, and open well pumps.
At 11:26 AM; the stock was trading 3.9% higher at Rs 549 on BSE
as compared to 0.68% decline in the S&P BSE
Sensex. A combined 233,407 shares changed hands on the counter on BSE