Deep Discounted Stock: Shakti PumpsIntroduction:
Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications, such as irrigation, horticulture, domestic water supply, and commercial and industrial applications.
Fundamentals:
Market Cap: ₹ 10,454 Cr.; Stock P/E: 27.0 (Ind. P/E: 43.61) 👎;
ROCE: 31.4% 👍 ; ROE: 24.2% 👍;
3 Years Sales Growth: 14% 👍; 3 Years Profit Growth: 23% 👍;
3 Years Stock Price CAGR: 110% 👍
Cons: Promoter holding has decreased over the last 3 years: -3.08%
Technicals:
Shakti Pumps has fallen sharply from the strong resistance level of Rs. 1387 in Jan 2025.
Currently, it is trading near strong support zone of 100 EMA
RSI (34.7) is indicating oversold.
Resistance levels: 899,
Support levels: 1095, 1269, 1387
Note: As per technical analysis, downside risk is minimum, and upside potential is huge.
