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.
2 top stock recommendations from Rajesh Palviya
Rajesh Palviya of Axis Securities suggests Nifty may consolidate between 24,800 and 25,000. Bank Nifty might range from 54,900 to 55,500. Chennai Petro and Coal