Stock Market Today, April 3 -- Shakti Pumps, a leading Indian manufacturer of solar pumps and motors, saw its shares jump 4.3% in intraday trade on Thursday, April 2, reaching Rs.1,011 apiece following an order win from the Maharashtra Energy Development Agency (MEDA).

In its filing to the exchanges today, the company informed that it has received a Letter of Award from MEDA for 445 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) at various locations across Maharashtra under Component-B of the PM-KUSUM scheme. The total value of the work order is approximately Rs.12.42 crore (inclusive of GST).

The company ended the December quarter with an order book of Rs.20,700 million, which it expects to be completed within a year. During...