Shakti Pumps’ shares have seen a major surge, reaching ₹828 with a 5% upper circuit on the Bombay Stock Exchange (BSE) on Monday.
This increase happened on the record date for issuing bonus shares.
The company is giving bonus shares in a 5:1 ratio, meaning shareholders will get 5 bonus shares for every 1 share they own.
This is the second time Shakti Pumps has rewarded its investors with bonus shares.
Incredible Growth Over the Years
Shakti Pumps has delivered outstanding returns in the last five years. Here are the key highlights:
Five-Year Growth: The stock price has jumped by 2,065%. On November 29, 2019, the shares were priced at ₹218.15. By November 22, 2024, the price had risen to ₹4,722.20.
Three-Year Growth: Over the last three years, shares increased by 717%, going from ₹577.75 on November 26, 2021, to ₹4,722.20 in 2024.
Two-Year Growth: The stock gained a remarkable 1,060% in just two years.
One-Year and 2024 Performance
In the past year alone, Shakti Pumps’ shares climbed 365%. On November 28, 2023, the share price was ₹1,015.65, and by November 22, 2024, it had reached ₹4,722.20.
So far in 2024, the shares have grown by 358%, starting at ₹1,030.65 on January 1, 2024, and rising to their current level.
Previous Bonus Issue and Market Value
Shakti Pumps had previously issued bonus shares in April 2011 in a 1:1 ratio, giving shareholders 1 bonus share for each share they held.
Currently, the company has a market capitalization of over ₹9,950 crore.
This version ensures all the details are retained, while making the content easier to read and organized with clear headings.
