Shakti Pump claims to have capacity of 5,00,000 Pumps per annum. Where as the total Pump order has not yet reached even 1,00,000 Pumps.
QIP was not required at this stage, may be Company would be thinking of taking benefit of currrent valuation. Management claimed during previous concalls that they are passing only enabling resolution for fund raising however they do not have any plan to raise fund in near future. This is not the walk the talk from mangement and is also not appreciable.
Disclosure: Invested from lower levels and booked profits at current level, however still holding some portion.
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