New Delhi, Dec. 24 -- Small-cap stock Oswal Pumps jumped almost 4% in intraday trade on the BSE on Wednesday, December 24, after the company announced it had received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a Rs.180 crore project under PM KUSUM-B. Oswal Pumps' share price opened at Rs.532.40 against its previous close of Rs.530.75 and jumped 3.6% to an intraday high of Rs.549.80.

In an exchange filing on December 24, Oswal Pumps said: "The company has received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited for an additional 6,500 off-grid DC solar photovoltaic water pumping systems (SPWPS), which is to be executed within one year under t...