Shakti Pumps Share Price | Shares of Shakti Pumps rose 5 per cent to Rs 4,735.70 on Thursday. Shares have been in upper circuit for the third consecutive day. The company is preparing to give bonus shares to its shareholders. Shakti Pump intends to offer bonus shares in the ratio of 5:1. This means the company will pay 5 bonus shares for every 1 share held. (Shakti Pumps Limited Excerpt)
The meeting of the board of directors of Shakti Pumps is scheduled to be held on Monday, October 7, 2024. In this meeting, the proposal to issue bonus shares in the ratio of 5:1 will be considered and approved. The company will issue bonus shares to its investors after 13 years. This will be the second time the company will issue bonus shares. Earlier in April 2011, the company had issued bonus shares to investors in the ratio of 1:1. Shakti Pumps shares have risen 218 percent in the last six months. As of April 3, 2024, the company's shares were trading at Rs 1,488.70. Shares of Shakti Pumps have reached Rs 4735.70 on October 3, 2024. Shares of Shakti Pumps have risen nearly 360 percent so far this year. The company's shares have a 52-week high of Rs 5,089.30. The 52 week low is Rs 843.85.
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