Shakti Pumps shares slip 5% on profit booking after 40% rally in four days

Shakti Pumps shares fell sharply on Wednesday as investors booked profits after a sharp 40% rally in just four sessions. The recent surge was driven by multiple order wins in December. On the technical front, the stock’s 14-day Relative Strength Index (RSI) stands at 65.4. An RSI below 30 indicates oversold conditions, while readings above 70 suggest overbought levels.