Shakti Pumps has seen a significant surge in its share price. On Monday, its shares hit ₹828 with a 5% upper circuit on the Bombay Stock Exchange (BSE).
This rise comes on the record date for issuing bonus shares. The company is offering bonus shares to its shareholders in a 5:1 ratio, meaning investors will receive 5 bonus shares for every 1 share they own.
This marks the second time Shakti Pumps has rewarded its investors with bonus shares.
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Massive Growth Over the Last Five Years
Shakti Pumps has delivered incredible returns over the past five years, with its share price increasing by 2,065%. On November 29, 2019, the shares were priced at ₹218.15. By November 22, 2024, they had skyrocketed to ₹4,722.20.
1) In the past three years alone, the shares have surged by 717%, rising from ₹577.75 on November 26, 2021, to ₹4,722.20 in 2024.
2) Over the last two years, the shares have gained an astounding 1,060%.
One-Year Growth: 365%
In just one year, Shakti Pumps’ shares have climbed 365%. On November 28, 2023, the share price was ₹1,015.65. By November 22, 2024, it had reached ₹4,722.20.
This year alone, the shares have risen 358%, starting from ₹1,030.65 on January 1, 2024, to their current value.
This isn’t the first time Shakti Pumps has rewarded its investors with bonus shares. Back in April 2011, the company issued bonus shares in a 1:1 ratio, giving 1 bonus share for every 1 share. Currently, Shakti Pumps has a market capitalization exceeding ₹9,950 crore.
Significant Rise in the Last Year and This Year
Over the last year, Shakti Pumps’ shares surged by 365%. On November 28, 2023, the shares were priced at Rs 1015.65, and by November 22, 2024, they had reached Rs 4722.20.
In 2024 alone, the stock has risen by 358%. On January 1, 2024, the shares were at Rs 1030.65
Shakti Pumps’ Stock Performance Over the Years
In the past 5 years, the company’s shares have skyrocketed by 2065%. On November 29, 2019, the shares were priced at Rs 218.15.
As of November 22, 2024, they closed at Rs 4722.20. Over the last 3 years, the stock increased by 717%, and in the past 2 years, it gained 1060%.