{"id":111666,"date":"2023-10-12T13:06:35","date_gmt":"2023-10-12T07:36:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111666"},"modified":"2023-10-12T13:06:57","modified_gmt":"2023-10-12T07:36:57","slug":"stock-jumps-up-to-3-after-the-companys-board-approves-investment-of-114-29-cr-in-its-ev-subsidiary","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-3-after-the-companys-board-approves-investment-of-114-29-cr-in-its-ev-subsidiary\/","title":{"rendered":"Stock jumps up to 3% after the company&#8217;s board approves investment of \u20b9 114.29 Cr in its EV subsidiary"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1634776681\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Thursday this small-cap company gains up to 3% after the board approved making an investment of 114.29 Cr in its subsidiary. The stock is trading 5.9% away from the 52-week high and 12% &amp; 38% above the 50-day and 200-day moving averages respectively.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1533496753\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-shakti-pumps-india-limited\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHAKTIPUMP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shakti Pumps (India) Limited<\/a><\/strong><\/h4><p>The company has a market capitalisation of Rs. 1,671 Cr, making it a small-cap company. On Thursday the stock rose more than 3%, Currently, shares are trading 2.1% up at Rs. 909 on NSE.<\/p><p>According to the NSE filing, the board of Shakti Pumps (India) Limited approved to make the investment of Rs. 114.29 Cr in the wholly owned subsidiary i.e., Shakti EV Mobility Pvt Limited, in one or more tranches, in the next five years.<\/p><p>The stock has given 109% returns in six months, therefore making an investment of 1 lakh now would be worth Rs. 2.09 lakhs.<\/p><div class=\"trade-content_5\" id=\"trade-2322787050\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s total revenue declined by % from Rs. Cr in Q1 FY23 to Rs. Cr in Q1 FY24 and for the same period, net profit declined by % from Rs. Cr to Rs. Cr.<\/p><p>Shakti Pumps (India) Ltd is a company engaged in the manufacturing business sector. It manufactures pumps and motors. The company provides a variety of product variants that are used in groundwater supply, irrigation, pressure boosting, industrial applications, fire-fighting systems, and pumping applications for the household and hospitality sectors.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sheshadri N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4028512986\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Thursday this small-cap company gains up to 3% after the board approved making an investment of 114.29 Cr in its subsidiary. The stock is trading 5.9% away from the 52-week high and 12% &amp; 38% above the 50-day and 200-day moving averages respectively. Shakti Pumps (India) Limited The company has a market capitalisation of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13129,11674,12181,11673,948,936],"class_list":["post-111666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-shakti-pumps-investment-in-subsidiary","tag-shakti-pumps-latest-news","tag-shakti-pumps-latest-order","tag-shakti-pumps-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps up to 3% after the company&#039;s board approves investment of \u20b9 114.29 Cr in its EV subsidiary - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Thursday this small-cap company gains up to 3% after the board approved making an investment of 114.29 Cr in its subsidiary. 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