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Shakti Pumps shares rise 11% amid rally

Negative-1

GreyOak summary

Shakti Pumps shares surged 11% despite a 57.6% drop in Q2 PAT to ₹38.5 crore and a 52.9% fall in EBITDA. The rally occurred alongside a broader market uptick driven by foreign inflows and lower crude prices.

What it affects

  • Shares rose 11% despite weak Q2 results.Rolling sentiment Neutral -12

  • NIFTY 50Positive 0

    Advanced 274 points to 25,317.Rolling sentiment Positive +40

Source

Read the original at Mint

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