Shakti Pumps, a major player in solar pumps and motors, gave multi-bagger returns to investors who had the patience to hold the stock. The stock has been on a dream run, galloping from around ₹112 apiece on April 1, 2020, to nearly ₹519 on March 31, 2021 — a gain of over 363 per cent.
After registering its all-time high at ₹910, on June 8, the stock has retreated a bit. Currently, it is hovering around ₹801, still recording a whooping return of 615 per cent, from the price recorded on April 1, 2020.
Speaking to BusinessLine, Dinesh Patidar, Chairman and Managing Director, Shakti Pumps India Limited, said the company is expecting its topline to touch ₹2,500 crore in the current year, up from ₹936 crore in financial year ending March 31