KSB Pumps, Shakti Pumps and Roto Pumps rallied 8-12 percent intraday Monday after

Moneycontrol News

Shares prices of pump manufactures rallied between 8 percent and 12 percent intraday Monday after the fall in goods & services tax (GST) on water pumps.

On Friday, the government has reduced GST rate on water pumps to 18 percent from 28 percent earlier.

At 15:25 hours IST, the stock price of Roto Pumps was quoting at Rs 112.15, up 6.51 percent while KSB Pumps was at Rs 740, up 2.84 percent and Shakti Pumps (India) was at Rs 503.15, up 3.25 percent.