Shakti Pumps shares put up an upper circuit of 5% for the second consecutive day and closed at ₹ 874 per share.

The reason for the increase in the stock:
A new order of Rs 24 crore was received under PM-Kusum scheme
Back to supply 877 solar water pumping system from Maharashtra Energy Development Agency (MEDA)

After this news, investors made tremendous purchases, seeing a huge jump in the stock.

What is the details of the deal?

Shakti Pumps will supply, installation and testing 877 solar water pumping systems (SPWPS) across Maharashtra.
Project will have to be completed within 120 days.
Shakti pumps mainly make pumps, motor, industrial pumps and solar pumps.

The company had an order book of ₹ 2,070 crore by December 2024.
In which an order of ₹ 754.3 crore is included under the Magal Toyla Solar Agriculture Pump Scheme of Maharashtra.

Shakti pumps quarterly results

Q3 (October-December 2024) performance:
Net Profit: ₹ 104 Crore (130% gained on annual basis)
Operational Revenue: ₹ 648.8 crore (31% increase)

The company is planning to raise Rs 400 crore with 25% growth target.

How was Shakti Pump’s share performance?

In the last 3 months: +14%
1 year in 1 year: +310%

Was at ₹ 213 1 year ago, now it has reached a level of ₹ 874.

The benchmark index Nifty fell 9% during this period, but Shakti Pumps gave tremendous returns.

Is there the right opportunity to buy now?

Shakti Pumps are continuously getting new orders.
The company has a good grip in the solar and green energy sector.
Fundamental strong, but volatile possible after recent boom.

Investors should invest thoughtfully and long-term personnel.

Can Shakti pumps cross ₹ 1,000? Or will you see profits in it? It will be interesting to see!