Upper circuit for the third consecutive day
Order received from Maharashtra Government, price rose 1078% in 3 years
Shakti Pump shares hit an upper circuit of 5% for the third consecutive day on Friday (7 March). The company's share price closed at Rs 917.80 with a gain of 5% on BSE. This rise in the company's shares has come at a time when it has recently received an important order from the Maharashtra Government. The company said that it has received an order of Rs 23.91 crore from Maharashtra Energy Department Agency (MEDA). This project is to be completed within 120 days of the issuance of the work order.
The current market cap of Shakti Pump is Rs 11039 crore. The 52 week high of the share on Bombay Stock Exchange is Rs 1398. The 52 week low level of the share is Rs 186.13.
Price increased by 332% in one year
Despite the rise in the shares of Shakti Pump for the last 3 days, its performance this year has been disappointing. Since the beginning of 2025, the company's shares have fallen by about 13.98 percent. However, in the last one year, it has given a return of 332.42 percent to its investors. There has been a rise of 13.66 percent in the last one week. It has given a negative return of 1.89 percent in the last one month. There has been a weakness of 20.08 percent in the last 3 months. These stocks have gained 1078.58 percent in 3 years.
Bumper results in the third quarter
The company's net profit in the third quarter of the current financial year increased by 130.3 percent to Rs 104.1 crore, which was Rs 45.2 crore in the same quarter a year ago. During this period, the company's net sales increased by 30.9 percent to Rs 648.8 crore, which was Rs 495.6 crore in the same quarter a year ago.
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