Bengaluru, June 12 -- The shares of this pump and motor manufacturer surged by approximately 5 percent after the company announced that it had secured an order worth Rs 115 crore. In this article, we will discuss more about the details.

With a market capitalization of Rs 12,007 crores, the shares of Shakti Pumps (India) Ltd are currently trading at Rs 999 per share, down by 28.54 percent from its 52-week high of Rs 1,398 per share. Over the past five years, the stock has delivered a robust return of 3,065 percent.

On Thursday, the company revealed in a stock exchange filing that it had received an order worth Rs 114.58 crore (with GST included) for supplying and installing 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) ...