Shakti Pumps’ stock jumped more than 13% on Thursday after the company announced a major new order from theMaharashtra State Electricity Distribution Company (MSEDCL).
The company has been selected to supply 16,025 off-grid solar water pumps across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and PM-KUSUM B scheme.
According to the company, the order is worth ₹443.78 crore, including GST. Shakti Pumps will handle everything, designing, manufacturing, supplying, transporting, installing, testing, and commissioning the solar pumping systems. The entire project is expected to be completed within just 60 days.
The market reacted instantly to the announcement. Shakti Pumps shares rose to ₹624.75, ending an eight-day losing streak. This comes right after the stock hit a 52-week low of ₹548.45 the previous day.
Even though the stock has dipped around 17% in the past month and more than 44% in 2025 so far, investors welcomed this new order as a strong positive sign.
The company currently has a market cap of over ₹7,690 crore, with a P/E ratio above 16. Investors are now hoping this large order could help the company regain momentum after months of decline.
Disclaimer: The information provided here is for general informational purposes only and should not be considered financial, investment, or trading advice. Stock prices and market data are subject to change without notice. Renewable Affairs does not guarantee the accuracy, completeness, or reliability of this information and assumes no responsibility for any investment decisions made based on it. Readers are advised to conduct their own research or consult a qualified financial advisor before making any buying or selling decisions.
Source
0 Comments