The company received orders worth ₹754 crore
Business Business: Investors have been attracted to this stock thanks to the positive news received by listed company Shakti Pumps Limited. In fact, on Wednesday, the third day of the week, Shakti Pumps said that it has received an order of ₹ 754.30 crore from Maharashtra State Electricity Distribution Company Limited.
The contract covers the design, manufacture, supply, installation, testing and commissioning of 25,000 off-grid PV DC water supply systems in the state of Maharashtra under the ‘Magel Tyla Solar Krishi Pump Yojana’. Once approved, the project is expected to be completed within 60 days.
After this news, the shares of Shakti Pumps rose. By the end of trading, the stock closed 3.09 per cent higher at Rs 804.30. During trading, the stock price rose 5 per cent to Rs 819.20. On November 27, 2024, the share price was Rs 901. This is the 52-week high of the stock. On the downside, the 52-week low is Rs 155.17. This was the stock price on December 21, 2023.
