Shakti Pumps Shares Jump 45% in Four Sessions Following New Order Wins

Shakti Pumps shares rallied 45% after securing a ₹443.78 crore order for solar water pumping systems in Maharashtra, but still down 43% from its 52-week high.

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Shakti Pumps Shares Jump 45% in Four Sessions Following New Order Wins

Shakti Pumps Shares Jump 45% in Four Sessions Following New Order Wins
Shares of Shakti Pumps surged 45% in just four days after hitting a fresh 52 week low of ₹548.45 on December 10. The stock rebounded sharply on the announcement of a new order win with the Maharashtra State Electricity Distribution Company. The order, valued at ₹443.78 crore, involves supplying 16,025 off grid DC Solar Photovoltaic Water Pumping Systems across Maharashtra. Despite this recovery, the stock remains down 43% from its 52-week high and 85% lower than its all-time peak of ₹5,124.80 in October last year.