Karnataka Bank, Shakti Pumps soar over 10% on heavy volumes

Shakti Pumps surged 14%, while Karnataka Bank soared 11% on BSE in intra-day trade.

Shares of Karnataka Bank and Shakti Pumps (India) soared more than 10% on BSE in intra-day trade on the back of heavy volumes.

Shakti Pumps (India) surged 14% to Rs 260, also its 52-week high on BSE in intra-day trade. At 02:28 pm; the stock was up 9% to Rs 246 as compared to 0.67% rise in the S&P BSE Sensex.

The trading volumes on the counter jumped more than three-fold with a combined 1.28 million equity shares representing 6.9% of total equity capital changed hands on BSE and NSE so far.

Shakti Pumps on Monday said the rating agency