Shakti Pumps Share Price: Shares of water pump manufacturing company Shakti Pumps continue to rise rapidly. On Thursday, the company’s shares hit an upper circuit of 5 percent. Today, Shakti Pumps shares closed at Rs 844.50 with a rise of Rs 40.20 (5.00%). The company’s shares, which closed at Rs 804.30 on Wednesday, opened today at the Upper Circuit at Rs 844.50 and were blocked as soon as they opened. Let us tell you that Shakti Pumps has received an order worth crores of rupees from the Maharashtra Government, after which the shares of the company hit upper circuit today.
Despite the rapid rise, the share price is below 52 week high
However, despite this meteoric rise, the current price of Shakti Pumps shares is below its 52 week high. The 52 week high of the company’s shares is Rs 901.00 and 52 week low is Rs 155.17. From this, it can be clearly estimated how much the company’s shares have risen in the last one year.
The total value of orders received from the government is Rs 754.30 crore.
Shakti Pumps had informed the stock market exchanges on Wednesday that it has received a big order from the Maharashtra government. Maharashtra State Electricity Distribution Company Limited (MSEDCL) has awarded Letter of Implementation to Shakti Pumps for 25,000 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). Let us tell you that Shakti Pumps has to complete this order within 60 days. Maharashtra government has to install these water pumps in the entire state under the Magel Tyla Solar Agriculture Pump Scheme. According to the company’s exchange filing, the total value of this order including GST is Rs 754.30 crore.
Shares of Shakti Pumps registered a jump of 1106.26 percent in the last 2 years.
According to BSE data, the current market cap of Shakti Pumps is Rs 10,151.79 crore. The company’s shares have fallen by 8.85 percent in the last 1 week, 2.94 percent in the last 1 month, 95.06 percent in the last 6 months, 404.15 percent in the last 1 year, 1106.26 percent in the last 2 years, 712.33 percent in the last 3 years, in the last 5 years 2371.47 percent and 2242.58 percent in last 10 years A huge surge has been recorded.
