Diesel Engines Stock Bags Order Worth Rs 558 Cr, Shares Gain 355% YTD

Shakti Pumps (India) Ltd shares today hit 5% upper circuit after it received fresh order worth Rs 558.16 crore (inclusive of GST) from Department of Agriculture, Uttar Pradesh. Current market price of Shakti Pumps shares on BSE is Rs 4695.45 per share with gain of 5.00%. The company's market capitalisation stood at Rs 9407.38 crore. Shakti Pumps shares gained over 20% in last 1-week only and soared 355% year-to-date. Check key details below:

Shakti Pumps Bags Fresh Order: According to the BSE filing of Shakti Pumps issued as on August 2, 2024, "Shakti Pumps (India) Limited has received Letter of Intent from the Department of Agriculture, Uttar Pradesh for 12,537 pumps for the entire state of Uttar Pradesh under Component-B of PM-KUSUM scheme (Phase-III). The total value of the work order is approximately Rs. 558.16 Crores (inclusive of GST) which is to be executed within 31st March 2025. The order is to be executed in a phased manner on the basis of quantities defined under the letters of proceed (once received)."

Shakti Pumps Dividend History: Shakti Pumps (India) announced 17 dividends since November 2, 2006. In last 1-year, Shakti Pumps announced an equity dividend amounting to Rs 2.00 per share. At the current share price of Rs 4695.45, Shakti Pumps (India) offers a dividend yield of 0.04%.

Shakti Pumps Shares Performance: The 52-week high price of Shakti Pumps shares on BSE is Rs 4740.50 per share (as on 25/07/2024) and 52-week low price is Rs 618.50 per share (as on 14/08/2023), respectively. Shakti Pumps shares became multibagger in last 3-months only with gain of 126%, rallied 576% in last 1 year, and offered attractive return of 893% in last 2-years. In last 5-years, Shakti Pumps shares zoomed 1601%.

About: Shakti Pumps: Shakti Pumps (India) Limited, a pioneer in manufacturing of energy-efficient pumps and motors since 1982. The company is at the forefront of providing a variety of renewable energy solutions, primarily for the agriculture sector.

Disclaimer:

The stock highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.