Shakti Pumps shares hit 5% lower circuit after Q3 results

Shakti Pumps shares dropped by 5% to Rs 1,084.70 on the BSE despite a 130% YoY increase in net profit for Q3 2024. The company posted a net profit of Rs 104 crore and a revenue surge of 31%. However, the stock remains below its critical moving averages.

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Our selection criteria focused on stocks with a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume