The stock market today: Shares of roto pumps rose 13.5% on Friday, April 17, with a high-week high of £ 248 each. The intraday increase was also the biggest increase for the stock over the past five months after the company unveiled the next level of manufacturing infrastructure and its new ‘P’ compact pumps, with the aim of making a $ 100 million milestone at 2028. According to the company, the new range of planning to transform critical industrial sectors such as oil and gas, mining, wastewater treatment and food processing over global markets. With this launch, Roto Pumps continues its commitment to providing efficient, reliable and sustainable pump solutions, while expanding its global footprint. “With the launch of the Roto P series, we confirm Roto’s position as a global power in fluid handling,” says Mr. Harish Chandra Gupta, chairman and managing director of Roto Pumps Ltd. “This innovation is expected to drive our growth significantly. We are not just producing pumps – we deliver reliability and sustainability.” He further added that Roto revealed an ambitious plan to achieve $ 100 million in revenue by 2028. Stock delivers 115% in 5 years after staying on the sidelines between August and November 2024, the share dropped in December and ended the month with an 11% profit. However, it could not maintain the profits and ended in the red for the next two months. In the current month, it has collected steam and contracted 16% so far. Still, the share still trades 36.19% below the recent £ 373 high. Despite the recent correction, the share has been up 115% over the past five years. Over the past decade, shares have climbed from £ 25 to the current level of £ 237, with an excellent 848%profit. Founded in 1968, Roto Pumps is a leading manufacturer of progressive cavity in India. The company offers efficient and reliable pump solutions over a diverse range of industries, including wastewater, sugar, paper, paint, oil and gas, chemicals and processes, ceramics, food and drink, renewable energy and power, mining and explosives, marine and defense, and more. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions. First published: 17 Apr 2025, 11:17 am Ist
Roto pumps The share price rises from 13% to 8 weeks high after launching new compact pumps | Einsmark news
