Shakti Pumps (India) Ltd specializes in the production of a diverse range of pumps and motors. Additionally, the company provides cutting-edge water pumping solutions tailored to meet the needs of various sectors, including agriculture, horticulture, residential water supply, and both commercial and industrial applications.
🔹 Technicals:
▸ Trend changed in April ▸ Confirmed uptrend ▸ 20 and 50 EMA has acted as a support ▸ Good chance that it goes into consolidation for some time before moving higher ▸ A demand zone is present at 580-620. This zone could provide a bounce if and whenever the price returns to it. ▸ 200 EMA is also coinciding with the demand zone, thereby creating a confluence zone.
🔸 Fundamentals:
March 2023 ▸ Sales: 968 Cr ▸ Sales Growth: -18% ▸ Net Profit: 24 Cr ▸ Net Profit Growth: -18%
March 2022 ▸ Sales: 1179 Cr ▸ Sales Growth: 27% ▸ Net Profit: 65 Cr ▸ Net Profit Growth: 24%
March 2021 ▸ Sales: 930 Cr ▸ Sales Growth: 143% ▸ Net Profit: 76 Cr ▸ Net Profit Growth: 24%
Muted sales in 2023 and the OPM% has also shrunk.
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.