Stock Market Today, April 17 -- Shares of Roto Pumps surged 13.5% in trade on Friday, April 17, hitting a eight-week high of Rs.248 apiece. The intraday rise also marked the largest increase for the stock in the past five months after the company unveiled next-level manufacturing infrastructure and its new 'P' Range compact pumps, aiming to achieve a $100 million revenue milestone by 2028.

The company in an exchange filing on Wednesday said that it had launched its latest innovation, the Roto P-Range compact pumps, at the exclusive RotoNext event held at its Greater Noida facility.

According to the company, the new range is set to transform critical industrial sectors such as oil & gas, mining, wastewater treatment, and food processing ...