Shakti Pumps Q2 results: Net profit increased to Rs. 15.24 crores for FY21

1. Shakti Pumps Q2 results: Net profit increased to Rs. 15.24 crores for FY21 Shakti Pumps Q2 results: Net profit increased to Rs. 15.24 crores for FY21: Shakti Pumps Q2 results: It is one of the biggest assembling organizations occupied with submarine siphons in India situated in Pithampur. The organization fabricates submarine siphons for homegrown, modern, plant, and agrarian use across India. The organization has likewise branches in the USA and Australia. While the organization makes very nearly 5,00,000 siphons for each year. The current (CEO) of the organization is Dinesh Patidar. In the interim, on Friday, October sixteenth, the portions of the organization flooded nearly 2% in the securities exchange. The primary purpose behind this is the organization posted its Q2 results for the money related year 2020-21. The organization's combined net benefit expanded to Rs. 15.24 crores in Q2FY21 finished on September 30th, 2020. While the organization additionally posted its merged overal deficit of Rs. 4.30 crores in a similar quarter last money related year 2019. Moreover, the organizations consolidated revenue from activities expanded to Rs. 201.10 crores as against Rs. 91.20 crores in a similar quarter last budgetary year. While the organization profit per share (EPS) remained at Rs. 8.29 in Q2FY21. While the organizations Earnings Before Interest and Taxation (EBIT) expanded to Rs. 31.44 crores in Q2FY20. During this quarter, the organizations use expanded to Rs. 174 crores contrasted with Rs. 91 crores in a similar quarter last financial year. On the opposite side, the load up individuals re-delegated Sunil Manoharlal Patidar as a Whole-Time Director of the organization from January 29th, 2021 till January 28th, 2026. Notwithstanding, the portions of Shakti Pumps India Limited announced a bullish pattern in the securities exchange on Friday.

2. The organization increased 4.20 focuses with a 1.79% expansion and arrived at 238.30 INR. While in NSE, the organization increased 5.00 focuses with a 2.15% expansion and arrived at 238.05 INR. Stock Market October 16th: On Friday, both Sensex and Nifty announced a bullish pattern in the securities exchange after bearish reports in the last meeting of the financial exchange. The Sensex is exchanging over 39,900 levels and the Nifty is exchanging over 11,700 levels in the securities exchange. The Sensex increased 254.57 focuses with a 0.64% expansion and arrived at a 39,982.98 level. While Nifty increased 82.10 focuses with a 0.70% expansion and arrived at 11,762.45 level. On the opposite side, the quantity of Covid cases in India arrived at 74,94,551 as of Sunday, October eighteenth, and passings arrived at 1,14,031. In the fringe advertises, the S&P BSE SmallCap detailed a bullish pattern in the financial exchange on Friday. It increased 142.61 focuses with a 0.97% expansion and arrived at a 14,786.56 level. The S&P BSE MidCap increased 152.43 focuses with a 1.05% expansion and arrived at a 14,621.31 level. While the Nifty Bank increased 460.85 focuses with a 2.00% expansion and arrived at 23,533.25 level. Top Gainers on October 16th: JSW Steel, Tata Steel, BPCL, Divi's Laboratories, and Hindalco Industries are the top gainers in the present securities exchange. Top Losers on October 16th: UPL, HCL Technologies, M&M, Asian Paints, and Reliance Industries are the top washouts in the present securities exchange.